Which of the following is an advantage of the competitive parity method? a. it makes use of the buildup approach to establishment of promotional budgets. b. it leads to stability in the marketplace by minimizing marketing warfare. c. it is based on the fact that advertising and promotions are designed to accomplish specific objectives by addressing certain problems and opportunities. d. it gives due recognition to the contributions of creative executions and/or media allocations. e. under this method, the budget is driven by the objectives to be attained.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Its stage conventional