Long-Term Customer Relationships ________ the Cost of Information Collection and Make

question 26

Multiple Choice

Long-term customer relationships ________ the cost of information collection and make it easier to ________ credit risks.

• A)reduce;screen
• B)increase;screen
• C)reduce;increase
• D)increase;increase

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Definitions:

Leisure

Time spent away from work and essential daily tasks, used for relaxation, hobbies, and personal enjoyment.

Consumption

The act of using goods and services to satisfy needs and wants, including the purchase and use of commodities by individuals and households.

Nonlabor Income

Nonlabor income refers to earnings derived from sources other than direct employment or work, such as investments, retirement pensions, or inheritance.

Quinces

A type of fruit resembling a pear that is bright yellow when mature and is often used in cooking and baking.