Selling Agents Are Agents Who

question 275

Multiple Choice

Selling agents are agents who:

• A)work for several producers and carry non-competitive, complementary merchandise in an exclusive territory.
• B)represent a single producer and are responsible for the entire marketing function of that producer.
• C)furnish the racks or shelves that display merchandise in retail stores, perform all channel functions, and sell on consignment to retailers.
• D)take title to merchandise but sell only to buyers who call on them, pay cash for merchandise, and furnish their own transportation for the merchandise.

---

Definitions:

Consumption Tax

A tax on the spending on goods and services, often levied as a sales tax, value-added tax (VAT), or goods and services tax (GST).

Saving

entails setting aside a portion of current income for future use, either by keeping the money in cash or placing it in some form of investment.

Tax-Advantaged

Refers to investments or accounts that are given preferential tax treatment, aiming to encourage saving and investment, often with benefits like deductions, credits, or exemptions.

IRA

An Individual Retirement Account, a savings plan that allows individuals to set aside money for retirement while offering tax advantages.