BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Product Control
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Product enhancement
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Product marketing
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Product enrichment
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Detailed explanation-1: -A product category is used to distinguish between the various finances offered by the bank. Each of these finances is totally different and hence there is a need to categorize them. Under a product category, you may have finances that may vary in features such as pricing, tenor, amount etc.
Detailed explanation-2: -Product numbers (which are more commonly referred to as item numbers) are unique identifying numbers that are used to keep track of each ClickBank product on the platform and within your sales account.
Detailed explanation-3: -Reach & low cost distribution model gives opportunity to banks to distribute various investment & alternate financial products as per customer needs and, in turn, earn fee for such services. Such distribution by banks are termed as third party distribution.