The Following Is a Good Example of _____: "Congratulations! You've

question 128

Multiple Choice

The following is a good example of _____: "Congratulations! You've just won a month's free membership! All you have to do is sign up for one of our credit cards."

• A)sales promotion
• B)personal selling
• C)hype
• D)promotional luck

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Definitions:

Cash Discount

A deduction from the total amount on an invoice allowed by a vendor to encourage prompt payment.

Accounts Receivable

The money owed to a business by its clients for goods or services delivered but not yet paid for.

Sales Discounts

A reduction in the price of goods or services offered by a seller to a buyer, typically used to encourage prompt payment or to reward customers for bulk purchases.

Operating Expenses

Operating expenses refer to the costs associated with the day-to-day operations of a business, excluding cost of goods sold.