Selling a Customer with a Checking Account a Home Improvement

question 89

Multiple Choice

Selling a customer with a checking account a home improvement loan is an example of:

• A)operational CRM.
• B)direct marketing.
• C)sales force automation.
• D)cross-channel promotions.
• E)cross-selling.

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Definitions:

Compounded quarterly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, applied every three months.

Quarterly withdrawals

The act of taking out money from a financial account or investment four times a year, often at the end of each fiscal quarter.

Registered Retirement Income Fund

A retirement savings plan that holds investment products and pays out retirement income.

Equal withdrawals

Regularly scheduled payments of the same amount taken from an investment or savings account.