Mint Entered the Market in 2005 with Comprehensive Online Money

question 87

Multiple Choice

Mint entered the market in 2005 with comprehensive online money management systems that tells users what they are spending by aggregating financial information from online bank and credit card accounts.Today it has over 20 million users and is helping them manage over 3 billion USD in assets.It used which new entry strategy in 2005?

• A) imitative
• B) adaptive
• C) pioneering
• D) differentiated

Identify techniques for eliciting a relaxation response.

Understand the importance of positive thinking in stress management.

Acknowledge individual differences in stress thresholds and responses.

Grasp the concept of work stress and its causes.

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Definitions:

Market Interest Rate

The rate at which interest is paid by borrowers for borrowing funds in the market.

Compounded Annually

A method of calculating interest in which the interest earned each year is added to the principal, so that the balance doesn't merely grow, it grows at an increasing rate.

Present Value

The present value of a future amount of money or sequence of cash flows, based on a certain rate of return.

Notes Payable

Short or long-term financial obligations evidenced by promissory notes, requiring the borrower to repay the principal amount along with any accrued interest.