Every January Procter & Gamble Distributes Special Coupons for Some

question 4

True/False

Every January Procter & Gamble distributes special coupons for some of its leading brands and pays the Special Olympics 10 cents for every redeemed coupon. This tie-in between Procter & Gamble and the Special Olympics is an example of cause-related marketing.

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Definitions:

Average Daily Balance

The average amount owed per day during a billing cycle.

Finance Charges

The cost of borrowing money on credit, including interest and other fees.

Billing Cycle

A predetermined amount of time set by the credit card company that is used for calculating a credit card bill.

Credit Card

A type of credit card account that has a revolving charge where the entire bill does not have to be paid in full each month.