Marketing EssentialsSection 2:
CreditAfter You Read Online ActionReviewing Key Terms and Concepts - Credit enables consumers and businesses to buy goods and services
when needed in exchange for a promise to pay later.
- Answers may include: bank credit cards, store and gasoline credit
cards, travel and entertainment cards, secured and unsecured loans.
- Regular or 30-day accounts, installment accounts, revolving accounts,
and budget accounts.
Integrating Academic Skills - 4,16 years;
Step 1: $3,000 total purchases X (2 divided by $1/purchase) = $6,000;
Step 2: 25,000 miles divided by 6,000 = 4.16 years - Answers will vary. Your report should give an example of consumer
credit law.
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