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AExplain the Pros and Cons of the Use of Category

question 14

Essay

a.Explain the pros and cons of the use of category management.
b.List and describe five performance measures used in category management.


Definitions:

Loan

An amount of money lent that must be repaid along with interest.

Compounded Daily

Interest calculation method where the interest is calculated and added to the principal amount daily, leading to increased earnings or payments over time.

Daily Payments

Payments made on a daily basis, often used in the context of loans or labor wages.

Loan

Money that is borrowed and should be returned with added interest.

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