Solved:
Answered by AI, Verified by Human Experts
Describe marketing tactics that the credit industry uses to trick people into getting into debt.
Describe marketing tactics that the credit industry uses to trick people into getting into debt.
Considering the credit industry analysis, themarketingtactics that thecreditindustry uses totrickpeople into getting intodebtincludeofferinglowerintroductoryAPRrates.Othermarketingtactics that thecreditindustry uses totrickpeople into getting intodebtinclude the following:Appealing to people's socialconscienceIncentivesandrewardsEncouragingyouthcultureUsingcelebritypersonality asambassadorCreatingpointsthatdon’tprovide strong merchandisechoicePromotingthe desire tospendmoney on yourfamily.Hence, in this case, it is concluded that there are variouswaysin which thecreditindustrytrickspeople intodebts.Learn more about thecredit industryhere:brainly.com/question/19986579...
Unlock full access for 72 hours, watch your grades skyrocket.
For just $0.99 cents, get access to the powerful quizwhiz chrome extension that automatically solves your homework using AI. Subscription renews at $5.99/week.