A Principal Problem with Using Credit Is the Opportunity Cost

question 117

True/False

A principal problem with using credit is the opportunity cost of being less able to save and invest.

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Definitions:

Target Design

The process of developing products or systems with specific goals and requirements in mind, aimed at meeting the needs of the end-user.

Customer's Desires

The needs or wishes that drive consumers to purchase goods or services.

Group Technology

A product and component coding system that specifies the type of processing and the parameters of the processing; it allows similar products to be grouped.

Time-based Competition

A business strategy focusing on reducing the time required to deliver products and services to gain a competitive advantage.