Which of the Following Is True of Convenience Products

question 81

Multiple Choice

Which of the following is true of convenience products?

• A)Convenience products are distributed extensively, in as many locations as possible.
• B)Convenience products are primarily sold through personal selling and direct marketing rather than advertising.
• C)Convenience products are generally more expensive than shopping or specialty products.
• D)Convenience products follow the exclusive distribution format.
• E)Convenience products include appliances such as computers or washing machines.

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Definitions:

Equivalent

A term expressing a state of equality or equivalency in value, function, or meaning.

Cash Held

Physical money held by a business in its cash registers or cash box, used for daily operations.

Present Value

The present-day valuation of coming monetary sums or cash flow sequences, upon applying a defined rate of return.

Compounded Annually

The process wherein the interest earned on an investment is added to the principal each year, and in the subsequent year, interest is earned on this new principal.