After Seeing a "Sale" Ad in a Local Newspaper, Ben

question 151

Multiple Choice

After seeing a "sale" ad in a local newspaper, Ben Griffith went to a local pet supply store and bought a year's supply of high protein dog food. Which marketing functions--if any--did he perform?

• A) Financing and risk taking
• B) Buying, transporting, and storing
• C) Market information
• D) All of the above
• E) None of the above--only producers and intermediaries perform marketing functions.

---

Definitions:

Extra Payments

Additional payments made over the required minimum payment on debts like loans or mortgages, aimed at reducing the principal balance more quickly.

Total Interest

The total amount of interest paid over the lifetime of a loan.

Life of the Loan

The duration over which a borrower is required to make payments until the loan is paid off in full.

Compounded Monthly

A process where interest earned is added to the principal, so that from that moment on, interest is earned on interest, recalculated on a monthly basis.