Question
Which strategy reduces dependency on interest income?
Solution
Diversifying into advisory and commission income lowers reliance on spread. Why others are incorrect: Loan rate increases still interest-based; Reduced digital harms growth; Price wars reduce margin; Eliminating CRM harms retention. Banking Example: Mutual fund distribution income.
More Basics of Marketing Management Questions
- When consumer badly wants the product but shouldn’t desire or take the decision to buy it, it is known as _______ demand.
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- Which factor most strongly affects loan demand in rising interest rate environment?
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- The competitive industry where Ford, GM, and Toyota operate in can best be described as:
- When a car company builds a model with an aim of satisfying the needs of everyone and introduces that "customers can have it in any colour, as long as it's...
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