Consumer Credit

question 174

Multiple Choice

Consumer credit:

• A)is a privilege of the affluent.
• B)dates back to colonial times.
• C)carries no finance charge.
• D)is not a major force in our economy.
• E)use has been declining in recent years.

Identify factors influencing a company's external funding needs and sustainable growth rate.

Apply principles of financial planning and forecasting to evaluate a firm's future financial requirements.

Differentiate between top-down and bottom-up planning approaches and their impacts on business performance.

Grasp the role of financial ratios and metrics in planning for sustainable business growth.

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Definitions:

Energizing Force

A motivating factor or influence that drives actions, changes, or developments within individuals or organizations.

Satisfy A Need

Meeting the requirements or desires of a consumer through the provision of products, services, or information.

Motivation

The internal or external factors that stimulate desire and energy in people to be continually interested and committed to a job, role, or subject, or to make an effort to attain a goal.

Psychological Influences

Factors that affect the behavioral, emotional, or cognitive processes of an individual, influencing their perceptions, decisions, and actions in various contexts, including consumer behavior.