BUISENESS MANAGEMENT
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To work out a possible price for a product
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To find out about meeting consumer needs
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To find out what the Government will do with interest rates next year
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To find out how similar products/services from other companies are selling
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Detailed explanation-1: -Lenders consider your credit score, payment history and the current economic conditions when determining interest rates. Generally speaking, the higher your credit score, the less you can expect to pay in interest. But loan-specific factors such as repayment terms play a role too.
Detailed explanation-2: -Which of the following would be most likely to lead to a higher level of interest rates in the economy? The level of inflation begins to increase.
Detailed explanation-3: -When the Federal Reserve wants to have a slight and one-time rise in the money supply, the interest rates will decrease, and the bond price is going to increase. The interest rates will reduce to encourage more people to borrow; thus, increasing the economy’s money supply.