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__________Refers to Communication by Marketers That Informs,persuades,and Reminds Potential Buyers

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Short Answer

__________refers to communication by marketers that informs,persuades,and reminds potential buyers of a product in order to influence an opinion or elicit a response.


Definitions:

Installment Loan

A loan that is repaid over time with a set number of scheduled payments; typically two payments or more.

Nominal Rate

The nominal rate is the interest rate stated on a loan or financial product, not accounting for inflation or other factors that affect purchasing power.

Repayment Of Principal

The process of paying back the original amount borrowed in a loan, separate from interest payments.

Equal Installments

A method of loan repayment where the borrower pays the lender a constant amount of money periodically, covering both principle and interest.

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