If at a later time, you unmortgage<span> the </span>property<span>, </span>you<span> still have to pay the </span>mortgage <span>value plus the 10% interest. As an example: Boardwalk is mortgaged, </span>mortgage <span>value is $200. If </span>you<span> are the new owner, </span>you<span> must pay $220, this unmortgages the </span>property<span>.</span>
Option C
This practice is an example of: anchoring
<h3><u>
Explanation:</u></h3>
Anchoring is the effectiveness of unrelated knowledge, such as the acquisition cost of safety, as a reference for estimating or predicting an unknown value of a financial means. Anchoring can be prompt with applicable metrics, such as valuation multiples.
During decision making, anchoring transpires when individuals use a fundamental piece of information to obtain consequent judgments. Once an anchor is established, other judgments are formed by adjusting incessantly from that anchor, and there is a preference proceeding evaluating other information encompassing the anchor.
<span>Who is better off: a person using credit cards or a person refraining from any loans? A person using credit cards is better off </span>from a person refraining from any loans. A person using credit can often purchase more and have more flexibility with their money over someone who only uses cash. There are items and services that do not take cash as a form of payment, so without a credit card the person can not make the purchase.
Answer:
b) target markets change over time as consumers drop in or out of the market, and as tastes change.
Explanation:
A target market refers to the customers around whom the marketing efforts are made. These customers are the available market for the business to extend their service to. Such customers possess characteristics similar to each other and are assumed to provide their support to the company. The company too finds the services provided to these customers to be the most profitable area.
Answer:
B- Promotional mix
Explanation:
The Promotion Mix is the integration of Advertising, Personal Selling, Sales Promotion, Public Relations and Direct Marketing.
