Which of the Following Products Has High Return Rates and Is

question 68

Multiple Choice

Which of the following products has high return rates and is difficult to sell through the electronic channel on account of the lack of touch-and-feel information?

• A)Books
• B)Apparel
• C)Groceries
• D)Gift items
• E)Electronic items

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Definitions:

Perfection

In legal and financial contexts, the process of securing an interest in property to achieve priority over third parties in relation to the property.

Secured Interest

A property interest created by agreement or by law over assets to secure the performance of an obligation, usually the payment of a debt.

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay according to the agreed terms.

Repossessing

Repossessing refers to the process of a lender taking back possession of property (typically collateral) when the borrower fails to make required payments.