Explanation: You will throw away no gallons of milk because if you sell 4 gallons every day then 7 times 4 equals 28 so you will only work for 5 an a half days.
- Travel and Entertainment Credit - Consumers use cards with no interest and non-revolving balance.
- Revolving Check Credit - Consumers use prearranged loan using special checks.
- Closed-End Credit - Consumers pay off dept and credit is automatically renewed.
- Revolving Credit - Consumers take out a loan with a repayment date and have a specific purpose.
<h3>What is meant by Consumer Credit?</h3>
Consumer credit refers to debt incurred by an individual to pay for products and services. An example of consumer credit is a credit card.
Consumer credit might refer to any sort of personal loan, although it is more frequently used to denote unsecured debt that is incurred to pay for regular products and services. Consumer debt can, however, also refer to secured loans like mortgages and auto loans.
Installment credit is given for a predetermined time period and is utilized for a specified purpose.
Open-ended revolving credit is a type of loan that can be applied to any kind of transaction.
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Answer:
Paradox of Power
Explanation:
A paradox is a self-contradicting statement or act that seems contrary to what it actually is.
Democracy represents the freedom or liberty to choose, so while the democracy program may seem by intuition, one which gives the workers freedom to choose whether to attend it or not, it is actually coercing the members to attend instead which represents a paradox of power since the paradox in this case is coercion or power.
Answer:
reducing procurement costs.
Explanation:
Online business to business (B2B) marketing enables companies to enhance their performance by reducing procurement costs.
An online business to business (B2B) can be defined as a type of market where a business sells goods and services to another business online.
In an online business to business marketing or e-commerce, the cost of buying a product is usually lesser when compared to other channels of sales because the seller do not have to charge so much as sales are usually transparent and done automatically.
<em>Hence, companies that are engaged in B2B are able to improve their performance and cut down the costs of procurement for goods and services. </em>