Ron Is a Sales Representative for Staples

question 114

Multiple Choice

Ron is a sales representative for Staples. He works in a business-to-business environment trying to sell office supply products to offices. He works to build long-term associations with his customers by regularly communicating with them. He spends a long time listening to their needs and provides support after the sale. Which type of selling is Ron engaged in?

• A) Order taking
• B) Team selling
• C) Technical selling
• D) Missionary selling
• E) Trade selling

---

Definitions:

Put Option

A financial derivative that gives the holder the right, but not the obligation, to sell a specified quantity of an underlying asset at a set price within a specified time.

Strike Price

The set price at which the holder of an options contract can buy (in the case of a call) or sell (in the case of a put) the underlying asset.

Market Price

The present value at which a good or service may be purchased or sold in a market.

Option Clearing Corporation

An organization that facilitates the clearing and settlement of options contracts, ensuring their performance.