Prestige cards always charge higher interest rates, but offer extra benefits such as access to private jet programs and concierge service at hotels

During the off-season, Parrish Farms, a bed-and-breakfast inn, offers a 25 percent reduction on its weekend rates to entice customers to make last-minute reservations at its website. This is an example of pricing strategy used as which of the following?

a. a direct sales tool b. a promotion strategy c. a product strategy d. an Internet enhancer

Home2U Stores, Inc, sells household consumer goods. To create a pur¬chase-money security interest, Home2U must

a. assign, to a collecting agent, a portion of its accounts payable. b. assign, to a collecting agent, a portion of its accounts receivable. c. extend credit for part or all of the purchase price of the goods. d. refer purchasers to a third-party lender.