Which of the following statements is true of an organization's product mix?
a. firms widen their product mix to capitalize on established reputations.
b. a wide product mix decreases sales and profit-making potential.
c. a wide product mix means that the product line is deep.
d. all product items in a product mix follow a standard marketing strategy.

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