A Checking Account at a Commercial Bank Is Called A

question 13

Multiple Choice

A checking account at a commercial bank is called a:

• A) Share draft account
• B) Negotiable instrument
• C) Financial intermediary
• D) Demand deposit account

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Definitions:

Differentiation

A strategy employed by businesses to distinguish their products or services from those of competitors, often through unique features, branding, or quality.

Competitive Strategies

Techniques and plans that a company adopts to attract customers, withstand competitive pressures, and strengthen an organization’s market position.

Competitive Edge

A distinct advantage that allows an organization to outperform its competitors.

Cost Leadership

A business strategy aiming to achieve the lowest operational costs within an industry, enabling the company to offer lower prices than competitors and gain market share.