Which of the Following Is the Most Accurate Description of the External

question 72

Multiple Choice

Which of the following is the most accurate description of the external environment?

• A)factors that can be controlled by the business
• B)factors that cannot be influenced by marketing managers
• C)factors that only change very slowly over time
• D)factors that must be continually monitored by marketing managers

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Definitions:

Exact Interest

Interest calculated based on a 365-day year or actual number of days in a loan term, providing a precise calculation of interest charges.

Ordinary Interest

Interest calculated on the basis of a 360-day year, commonly used in banking and bond markets.

Ordinary Interest

Interest calculated based on a 360-day year, often used in banking for loans and savings accounts.

Exact Interest

Interest calculated based on a 365-day year, providing a precise interest calculation.