Customer Types

question 58

Multiple Choice

Customer types

• A) should be defined by identifying the buyer instead of the user.
• B) should be assigned a nickname that describes all potential types of customers.
• C) must always consider intermediaries even if they are not final users.
• D) refers to the final consumer or user of a product type.
• E) none of the above.

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Definitions:

Mechanic Lien

A legal claim against a property by a contractor or repairman for unpaid work, securing payment for services rendered.

Perfected Security

A security interest in a collateral that is legally binding and has been properly filed or registered, affording the creditor priority over other claimants.

Fixtures

In real estate, fixtures are items of personal property that are attached or fixed to the land or building in such a way that they become part of the real property.

Perfected

A legal term indicating that an interest or lien on a property has been legally completed and registered, making it enforceable against third parties.