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

---

Definitions:

Credit Policies

Guidelines that set the criteria for extending credit to customers, including terms of payment and requirements for creditworthiness.

Short-Term Debt

Short-Term Debt is borrowed money that a company must repay within the short term, typically within a year, often used for operational expenses.

Interest Rate Fluctuations

Changes in the interest rate over time, affecting borrowing costs, savings rates, and investment returns.

Refund Risk

The risk that a debt issuer will repay borrowed funds before the maturity date, typically in a declining interest rate environment.