_____ Is a Low-Profile,yet Important,form of Retailing in Which Consumers

question 73

Multiple Choice

_____ is a low-profile,yet important,form of retailing in which consumers get products out of automated machines,and it accounts for $40 billion worth of sales each year in the United States.

• A) Automatic vending
• B) Party-plan selling
• C) Direct marketing
• D) A pyramid scheme
• E) Professional selling

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Definitions:

Oral Contract

An agreement between parties that is spoken rather than written but is still legally binding.

Quasi Contract

An obligation imposed by law to prevent unjust enrichment, even though no formal contract exists between the parties.

Remedies

The means by which a right is enforced or the violation of a right is prevented, redressed, or compensated.

Sale of Goods

A transactional agreement between a seller and a buyer for the exchange of personal property for a certain price.