The Dimensions or Qualities a Consumer Uses When Judging the Merits

question 121

Multiple Choice

The dimensions or qualities a consumer uses when judging the merits of competing purchase options are called:

• A) purchase options.
• B) alternative rules.
• C) evaluative criteria.
• D) functional categories.

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Definitions:

Simple Interest

Interest calculated only on the principal amount, not on the interest accrued.

Invested

The maneuver of allocating finances with the aspiration of earning income or profit.

Term

The time period for which a loan or investment is made.

Rate of Interest

The rate at which interest is applied to a loan or credited to savings.