Which of the Following Loan Sources Is the Most Expensive

question 109

Multiple Choice

Which of the following loan sources is the most expensive?

• A)Commercial banks
• B)Credit unions
• C)Consumer finance companies
• D)Savings and loan associations

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Definitions:

Market Share

The proportion of total sales or revenue that a company or product secures within a particular market, compared to competitors.

Cost Leadership Strategy

A business strategy focusing on gaining a competitive advantage by becoming the lowest cost producer in the industry.

Differentiation Strategy

A competitive strategy in which a company seeks to distinguish its products or services from those of competitors on dimensions such as quality, design, or customer service.

Source Of Differentiation

Unique features or aspects of a product, service, or brand that set it apart from competitors and provide a competitive edge.