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Marketing Awareness Questions and Answers

Answer: D

Correct answer: all salaried persons

A personal loan is unsecured, so the lender is buying a stream of repayments and nothing else. Salaried persons are therefore the natural market: a regular, verifiable income, and often an employer the lender already knows. Infants and minors cannot contract at all, and companies borrow as businesses rather than personally.

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Answer: D

Correct answer: all of these

Innovation covers all three: a new idea, a new material or method, and a new product. What matters is that the novelty is carried through into something of practical use - an idea alone is invention or creativity; innovation is its successful application.

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