In a line of credit arrangement, a firm pays interest on ________
A) the full line of credit
B) the total line of credit
C) only the amount actually borrowed
D) only the amount actually borrowed and commitment fees on any unused portion of the loan
C
Business
You might also like to view...
As Ben manages communications for his company's watch brand, which has reached the decline stage in the product life cycle, which of the following marketing communications mix tools is he most likely to continue?
A) interactive marketing B) advertising C) personal selling D) direct marketing E) sales promotion
Business
Briefly describe the three marketing functions performed by marketing channel members, giving examples of each function
What will be an ideal response?
Business