Sales Promotions Where the Consumer Is Offered the Product Free

question 258

Multiple Choice

Sales promotions where the consumer is offered the product free or at a greatly reduced price are referred to as

• A) deals.
• B) rebates.
• C) samples.
• D) premiums.
• E) discounts.

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Definitions:

Quotas

Limits set by governments on the amount of a specific good that can be imported or exported within a certain timeframe.

Tariffs

Taxes imposed by a government on goods and services imported from other countries, often to protect domestic industries or to generate revenue.

Restrict Imports

This is the imposition of government regulations or tariffs to limit the number and value of foreign goods entering a country.

General Agreement

A broadly accepted understanding or accord among parties on a particular issue or set of issues.