Which of the following illustrates a retail transaction?
a. an auto manufacturer purchasing brochures to be distributed by its dealers
b. a supermarket purchasing a freezer case for meat
c. the U.S. government purchasing military aircraft
d. a consumer buying coffee in a vending machine
d
Business
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A condominium could be which of the following
a. multi-story building b. townhouse community c. industrial office park d. any of the above
Business
Consider a $30,000 car loan over six years at 7% APR. Assume an option where the car loan offers 0% financing for the first two years of the loan or 7% financing over six years. What are the payment choices to ensure that no interest on the loan is paid?
What will be an ideal response?
Business