The Use of a Credit Card Is Most Similar To

question 71

Multiple Choice

The use of a credit card is most similar to:

• A) Paying with a check
• B) An ACH (automatic clearinghouse) transaction
• C) Purchasing a certificate of deposit
• D) Obtaining a short-term loan

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Definitions:

Networked Global Marketspace

An integrated and interconnected digital environment that allows for the buying, selling, transferring, or exchange of products and services globally via the Internet.

Business-to-consumer Marketing

Marketing strategies and practices aimed at selling products directly to consumers rather than businesses.

Competitive Environment

The arena of business competition characterized by the active rivalry between firms to gain and maintain customer loyalty and market share.

Modes of Conduct

Established ways or methods of behaving in social or professional settings.