Prices in Vending Machines Tend to Be Higher Because

question 236

Multiple Choice

Prices in vending machines tend to be higher because

• A) machines are placed in low-demand traffic areas.
• B) maintenance, operating, and leasing costs are high.
• C) only small unit volume items are sold.
• D) customary pricing requires certain coin and currency amounts regardless of the normal retailer markup.
• E) few people buy from vending machines.

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Definitions:

Market Value

The ongoing price for the transaction of assets or services within the marketplace.

Interest Rate

The percentage of a sum of money charged for its use, often expressed as an annual percentage rate.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenue.

Revenue

The income that a business receives from its normal business activities, usually from the sale of goods and services to customers.