A Secondary Effect of Installment Credit Was the

question 21

Multiple Choice

A secondary effect of installment credit was the

• A) development of a new market in used durables.
• B) emergence of a new network of dependable supplies of electric power.
• C) surge in prices.
• D) increased government intervention in household activity.

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Definitions:

Internal Competition

Competitive dynamics within an organization, where members or departments compete against each other for resources, recognition, or advancement.

Diffusion

The process through which innovations, ideas, or practices are spread within a population or community over time.

Innovation

The process of translating an idea or invention into a good or service that creates value or for which customers will pay.

Implementation

The process of putting a decision or plan into effect; executing or applying a method, technique, or policy.