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lesya [120]
3 years ago
5

What needs are being met by the product purchase? What are the benefits to the consumers? Make sure that you differentiate betwe

en features and benefits; go beyond manifest motives and consider latent motives.
Business
1 answer:
krok68 [10]3 years ago
7 0

The correct answer to this open question is the following.

Unfortunately, the question does not include the product purchased so we can have all the information needed.

However, we can help differentiate between features and benefits.

Features simple are the stated qualities that the product promise to consumers. Features are the statements that tell the clients the characteristics of the service or the product offered. That's it. It does not mean that the statements are completely true or can satisfy the client's necessities.

On the other hand, the benefits are the motives why people buy the service or the product. This information tries to appeal to the customer by explaining the reasons to buy the product. If the benefits are clearly stated they an important reason that the client is going to consider purchasing the product.

The more attractive the benefits, the more prone the consumer will be to proceed.

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Answer:

The statement that is false about mortgage loans is Advertised rates are annual percentage rates.

Explanation:

Mortgage loan refers to a loan that uses real estate as collateral to receive cash upfront to be redeemed after the loan repayment is completed. if the loan is not remitted as at when due , the lender lays claim to the real estate property.

By increasing the number of payments per year you increase your effective borrowing rate.

When you use a spreadsheet to calculate your interest rates, it uses the periodic interest rate, not the annual percentage rate.

You can find a monthly payment by dividing the annual payment by 12.

However, advertised interest rate are not the same as your loan's annual percentage rate (APR) because other charges like mortgage insurance, closing costs, discount points and loan origination fees apply.

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