A Storeless Retailer Serving a Specific Clientele Who Are Entitled

question 2

Multiple Choice

A storeless retailer serving a specific clientele who are entitled to buy from a list of retailers that have agreed to give discounts in return for membership represents which kind of nonstore retailing?

• A) multi-level selling
• B) buying service
• C) automatic vending
• D) network marketing
• E) direct marketing

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Definitions:

ACP

Average Collection Period, measuring the average number of days it takes a company to collect its accounts receivable.

Credit Periods

The time frame allowed by a seller for a buyer to pay for goods or services received, without incurring interest or penalties.

High-demand Products

Products that are in large demand by consumers, often leading to quick sales and potentially higher prices.

Credit Periods

The time allowed by a seller to the buyer for the payment of an invoice or bill, typically expressed in days.