Lancôme Cosmetics Has Sent a Representative to Macy's to Promote

question 161

Multiple Choice

Lancôme cosmetics has sent a representative to Macy's to promote its beauty aids by performing facials and makeovers for customers.What type of trade sales promotion is this?

• A) Rebate
• B) Frequent buyer program
• C) Store demonstration
• D) Trade allowance
• E) Training

Implement best practices for maintaining employee health with the use of technology.

Understand the diagnosis and prevention of occupational diseases and disorders.

Recognize the components and benefits of workplace wellness programs.

Learn the best practices for proactively managing workplace violence.

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Definitions:

Days' Sales

A financial metric, often calculated as days sales outstanding (DSO), that measures the average number of days it takes a company to collect payment after a sale has been made.

Retail Method

An inventory valuation method used by retailers that estimates inventory value by applying a cost to retail price ratio.

Estimated Cost

An approximation of the cost for goods or services, projected based on current information and past experience.

Retail Method

A pricing strategy used to estimate the value of a store's merchandise by considering the initial cost of inventory and its markup to retail price.