📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    When a bank offers different loan tenures and EMI

    options to suit varied income groups, it is strengthening:
    A Promotion Correct Answer Incorrect Answer
    B Place Correct Answer Incorrect Answer
    C Product Correct Answer Incorrect Answer
    D Price discrimination Correct Answer Incorrect Answer
    E Harvesting Correct Answer Incorrect Answer

    Solution

    Modifying tenure and EMI flexibility changes product features to meet diverse needs. Why others are incorrect: Promotion relates to communication; Place relates to distribution; Price discrimination changes interest rates, not tenure structure; Harvesting is decline strategy. Banking Example: 10-year vs 20-year home loan options.

    Practice Next
    ask-question