Determine the Annual Effective Rate of a Customer That Does

question 42

Multiple Choice

Determine the annual effective rate of a customer that does not take advantage of credit terms of 3/15, n/30.

• A)109.84%
• B)69.84%
• C)29.84%
• D)9.84%

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Definitions:

Benefit Segmentation

A marketing strategy that groups consumers based on the specific benefits they seek from products, allowing for more targeted and effective marketing efforts.

Psychographic Segmentation

A marketing strategy that divides consumers into segments based on their lifestyle, personality traits, values, opinions, and interests.

Geographic Segmentation

The division of a market into different geographical units such as nations, states, regions, cities, or neighborhoods.

Geodemographic Segmentation

A marketing technique that clusters potential customers into groups based on geographical location and demographic characteristics.