A ________________________ Is a Form of Incentive to Purchase a Product

question 62

Multiple Choice

A ________________________ is a form of incentive to purchase a product on a 30 day trial basis.

• A) replacement guarantee
• B) warranty
• C) money-back guarantee
• D) service contract

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Definitions:

Marginal Revenue

The added financial gain received from selling an additional product or service unit.

Total Revenue

The total amount of money a company receives from its sales of goods or services, calculated as the quantity sold multiplied by the sale price.

Output

The total amount of goods or services produced by a company or country, usually measured over a specific period of time.

Total Revenue

The full amount of financial receipts a corporation garners from transactions or services provided in a specific time frame.