Which of the Following Is True of Transit Advertising

question 92

Multiple Choice

Which of the following is true of transit advertising?

• A) Transit advertising is not popular with local advertisers as they cannot tailor it to their own needs.
• B) Transit advertising is considered a major medium by advertisers.
• C) Transit shelter advertising is an outdated form of out-of-home advertising.
• D) Transit advertising is a cost-effective way for marketers to reach a large audience of people.
• E) Transit advertising is a basic form of standardized outdoor advertising.

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Definitions:

Conditional Sale Contracts

A conditional sale contract is a financing arrangement where the buyer gains possession and use of an asset, but title and ownership remain with the seller until the full purchase price is paid.

Compounded Quarterly

The process where interest is added to the principal sum of a deposit or loan every quarter, so that the added interest also earns interest from then on.

Final Payment

The last payment made to settle the balance of a financial obligation, such as a loan or mortgage.

Borrower

An individual, company, or institution that receives funds from a lender under the condition of paying back the borrowed amount plus interest.