A secured loan has claim on assets in case the lender defaults. For example, a home buyer takes out a loan (secured against the home) with a bank to buy home. If the home buyer can't make repayments (or even goes bankrupt), the bank can sell the home to recover their lost money.
An unsecured loan does not have claim on any assets. All else being equal, an unsecured loan has higher interest rate.
To better understand the needs of prospective customers, marketers use market research.
<h3>What is marketing research?</h3>
Marketing research can be defined to be the business aspect that involves a business trying to find out the needs of the target market.
The business would like to gather all the necessary information that they would need for their target customers in order to better meet their needs.
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brainly.com/question/24906199
Answer: double coincidence of wants
Explanation:
Coincidence of wants simply refers to a situation whereby two parties have something that the other person wants, therefore they then exchange the products they have. It should be noted that no financial compensation is involved. This simply has to do with trade by barter.
If William performs plumbing upgrades for Patricia in exchange for her incorporating his business, then their double coincidence of wants will be satisfied.
Answer: The answer is C.
Explanation: Market orientation is a strategy by an organization whereby the
Focus on identifying a customer's need and then try to meet the need. In this case T-MobileTM is a market oriented organization and its focus is on identifying their customer's needs and wants to help serve them better and make the customer satisfied with their products and services. Thus the goal of the company is meeting the needs, wants and desires of customers.
