If You Were Developing Marketing Strategies And, in Your Job

question 74

Multiple Choice

If you were developing marketing strategies and, in your job, decided to create a database that tracked the progress of your marketing efforts, what kind of development would you be engaging in?

• A) Outsourcing
• B) Netsourcing
• C) Selfsourcing
• D) Insourcing

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Definitions:

Purchase-Money Security Interest (PMSI)

A security interest formed when a debtor uses borrowed money from the secured party to buy the collateral.

Unsecured Party

A creditor or lender that does not have rights to specific collateral if the borrower defaults.

Collateral

The property that is subject to a secured interest.

Collateral

An asset or property that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid.