________ Includes Anything That People Generally Accept as Payment for Goods

question 38

Multiple Choice

________ includes anything that people generally accept as payment for goods and services.

• A) An intangible asset
• B) Money
• C) A commodity
• D) A barter good

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Definitions:

Personal Selling

A sales method involving direct interaction between a salesperson and a customer to persuade the customer to purchase a product or service.

Extend Credit

The act of allowing a customer to purchase goods or services now and pay for them later.

Public Relations

A strategic communication process that builds mutually beneficial relationships between organizations and their publics.

Promotional Activities

Marketing efforts designed to inform, persuade, or remind customers and potential buyers about a product or service to increase sales.