Which of the Following Is Most Likely to Be Described

question 1

Multiple Choice

Which of the following is most likely to be described as a depository institution?

• A)finance companies
• B)securities firms
• C)credit unions
• D)pension funds
• E)insurance companies

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Definitions:

Service Retailer

A business that sells intangible products or services directly to consumers.

Low Prices

The strategy of setting the cost of a product or service lower than the competition, often to attract more customers or gain a market share.

Experiential Retail

A retail strategy that focuses on providing customers with experiences beyond the traditional shopping encounter to engage and entertain.

Virtual Reality

A technology that creates immersive, computer-generated environments that simulate physical presence in real or imagined worlds.