When a Business Practices Risk Management, the Decision NOT to Issue

question 90

Multiple Choice

When a business practices risk management, the decision NOT to issue credit and deal only in cash -only sales is risk

• A) assumption.
• B) transfer.
• C) reduction.
• D) avoidance.

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Definitions:

Salespeople

Professionals who engage in the process of selling goods or services to customers, focusing on meeting sales targets and satisfying customer needs.

Premiums

Items or services offered for free or at a low cost as an incentive to encourage a purchase or reward customer loyalty.

Contests and Sweepstakes

Promotional marketing strategies that involve participants entering to win prizes through skill (contests) or at random (sweepstakes).

Dealer Premiums

Incentives or rewards given to dealers or retailers to motivate them to push for higher sales of a particular product.