Interest May Be Defined As

question 3

Multiple Choice

Interest may be defined as:

• A)Time.
• B)A borrower's payment to the owner of an asset for its use.
• C)The future value of a present amount.
• D)Always a liability.
• E)Always an asset.

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Definitions:

Assumptive Close

A sales technique where the seller assumes that the customer has already decided to purchase and moves straight to the closing phase.

Closing Technique

A sales strategy or method employed to persuade a customer to make a purchase or commit to an action, effectively finalizing the deal.

Prospect Order

The action of a potential buyer indicating their intention to purchase a product or service, often considered a critical step in the sales process.

T-account Close

A selling technique where the pros and cons related to a sale are listed in a T-account format to help a customer make a decision.