Once a Purchase Decision Is Made,the Sales Process Continues and Is

question 26

Multiple Choice

Once a purchase decision is made,the sales process continues and is called _____________.

• A)Cognitive dissonance
• B)Purchase evaluation process
• C)Post mortem analysis
• D)Post-purchase evaluation
• E)None of these

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Definitions:

Amortized Loan

A loan with scheduled periodic payments that consist of both principal and interest, designed to pay off the debt over a set period.

Effective Rate

The actual interest rate an investor receives or pays on a financial product, factoring in the effects of compounding.

Amortization Schedule

A table detailing each periodic payment on an amortizing loan, including breakdowns of principal and interest.

Amortizes Loans

Loans for which periodic payments are made that include both interest and principal, gradually reducing the outstanding balance.