When Considering Loan Applications, Lenders Like to See

question 62

Multiple Choice

When considering loan applications, lenders like to see

• A) very little use of credit cards.
• B) good repayment records.
• C) derogatory information.
• D) information at least seven years old.

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Definitions:

Productivity

The measure of efficiency in converting inputs into useful outputs, often assessed in the context of work, manufacturing, and time management.

Salespeople

Individuals who sell goods and services to customers, often directly, using knowledge, persuasion, and interpersonal skills to achieve sales objectives.

Product Knowledge

Refers to a thorough understanding of a product's features, benefits, and uses, enabling more effective sales and customer service.

Sales Performance

The measurement and evaluation of the sales activities and outcomes against the set goals or benchmarks.