Statement You have unused credit available on your credit card. Debt provides the means to make guaranteed reservations. Paying costly interest charges results in a reduction in disposable income. Debt provides protection against rip-offs and fraud. Debt provides financial flexibility in the case of emergencies. Bad reason Good reason O
Statement You have unused credit available on your credit card. Debt provides the means to make guaranteed reservations. Paying costly interest charges results in a reduction in disposable income. Debt provides protection against rip-offs and fraud. Debt provides financial flexibility in the case of emergencies. Bad reason Good reason O
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Question

Transcribed Image Text:Read each statement below and indicate whether it is a good or bad reason for using debt.
Statement
You have unused credit available on your credit card.
Debt provides the means to make guaranteed reservations.
Paying costly interest charges results in a reduction in disposable income.
Debt provides protection against rip-offs and fraud.
Debt provides financial flexibility in the case of emergencies.
Bad reason Good reason
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