Which of the following is not true regarding revolving open-end credit?
A) Credit cards are an example of it.
B) A specific maximum amount of credit is established.
C) If the balance is not paid off over a period of months, a penalty is incurred.
D) Interest is charged on the remaining balance each month.
Answer: C
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Which of the following strategies would a company be MOST likely to follow for a product classified as a dog in the BCG matrix?
A) using revenue generated by the product to support question marks B) reducing financial support of the product C) making a significant financial investment to take advantage of the market's potential D) launching a national marketing campaign to support brand awareness E) severing the product's connection to a product in the star or question mark sector
The places in the supply chain network where product is stored, assembled, or fabricated are known as
A) facilities. B) inventory. C) transportation. D) information.