Unsought Products Typically Are Products That

question 114

Multiple Choice

Unsought products typically are products that:

• A) consumers purchase when they see them in a convenient location
• B) consumers definitely don't want
• C) only require reminder advertising to be successful
• D) require little or no decision making by the buyer
• E) consumers don't know about or don't actively look for

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Definitions:

Annual Interest Accrual

The amount of interest that accumulates on a financial obligation over the course of a year.

Bonds Issuance

The process of offering bonds to investors as a means of raising capital for the issuer.

Face Amount

The nominal or dollar value stated on a financial instrument or security, such as the original amount on a bond or insurance policy.

Bond Redemption

The process of repaying the principal amount of a bond at its maturity date.