In the Terminology Used by Lenders,one "Point" Is Equal to

question 85

Multiple Choice

In the terminology used by lenders,one "point" is equal to

• A)$100.
• B)$1,000.
• C)one percent of the purchase price.
• D)one percent of the amount borrowed.

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Definitions:

Perceived Value

The customer's assessment of the worth or usefulness of a product or service based on its ability to meet their needs and expectations.

Market Share

Market Share represents the percentage of an industry's sales that is earned by a particular company over a specified time period, indicating its competitiveness and customer base size.

Lifetime Value

The predicted net profit attributed to the entire future relationship with a customer.

Share of Customer

The portion of a customer's spending within a specific category that goes to a particular company.