Which of the Following Is an Example of the Life-Cycle

question 48

Multiple Choice

Which of the following is an example of the life-cycle motive for saving?

• A)Pat puts $400 per month in his 401(k)retirement account.
• B)Jordan sets aside $200 per month in case she has to pay for a new roof for her house.
• C)Gerry and Terry put $2,000,000 in a trust fund that will go to their children when they die.
• D)Chris keeps $15,000 in a money market account to pay expenses in case he loses his job.

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Definitions:

Creative Brands

Brands that are distinguished by their innovative approaches in marketing, design, and engagement with consumers, often leading to a strong brand image.

Incremental Innovation

Refers to gradual and continuous improvements made to a product or service over time to enhance features or efficiency.

Brand Driven

Refers to businesses or strategies that prioritize brand development and management as a core component of growth and success.

Share Leaders

Companies or brands that hold the largest market share within a particular industry, often seen as the dominant players or benchmarks.