Latent Needs Are _____________________

question 3

Multiple Choice

Latent needs are _____________________.

• A) implied or hidden needs without the customer knowing the solution
• B) obvious needs that address users initial commitment to a product
• C) observable customer needs
• D) a missing piece of the product

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Definitions:

Installment Payments

Payments made regularly over a period of time to settle a debt or purchase, often including interest charges.

Convertible Bonds

Bonds that can be converted into a predetermined number of shares of the issuing company's equity at certain times during their life, usually at the discretion of the bondholder.

Bond Redemption

The process whereby a bond issuer returns the bond's principal value to the bondholder, effectively terminating the bond at or before its maturity.

Carrying Value

Carrying Value is the book value of an asset or liability on a company's balance sheet, calculated as the original cost minus depreciation, amortization, or impairment costs.