Which of the Following Is Being Used by a Store

question 13

Multiple Choice

Which of the following is being used by a store owner who sends out a text message to all of her preferred customers announcing the arrival of this season's new clothing?

• A) Mobile marketing
• B) Public relations
• C) Personal selling
• D) Sales promotions
• E) None of these

---

Definitions:

Crowding Out

An economic phenomenon where increased government spending reduces private sector investment or consumption due to higher interest rates.

Interest Rate

The percentage charged on a loan or paid on savings, representing the cost of borrowing or the gain on saved funds.

Private Sector

The part of the economy that is owned and operated by individuals and companies for profit, unlike the public sector, which is controlled by the government.

Credit Demand

The desire or willingness of consumers and businesses to borrow money at a given interest rate.