Explain How Use of a Credit Card Can Affect the Successful

question 50

Essay

Explain how use of a credit card can affect the successful implementation of a financial plan.Itemize at least ten benefits and disadvantages of using credit cards in the financial planning process.

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Definitions:

Benefits

Advantages or positive outcomes that result from a product, service, or action.

Needs Assessment

A process to identify and evaluate needs within a group or organization to determine necessary actions or solutions.

Stimulus-response Model

A communication or behavioral theory suggesting that an external stimulus can elicit a particular response from an individual or audience.

Sales Presentation

A promotional talk or demonstration given to introduce or describe a product or service to potential buyers, aiming to persuade them to make a purchase.