Which of the Following Is an Example of Premiums

question 60

Multiple Choice

Which of the following is an example of premiums?

• A) Contests that reward winners with free samples of the product
• B) Free items given out at trade shows
• C) Coupons for reduced prices on certain products
• D) Reduced-price items available upon purchase of a product
• E) Reduced-price items available during a sales promotion

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Definitions:

Bill of Exchange

A written, unconditional order by one party directing another party to pay a specified sum of money to a third party on demand or at a future date.

Liable

Legally responsible or obligated.

Manufacturer's Warranty

A promise by the maker of a product regarding the condition, quality, or lifespan of the item they sell.

Sale of Goods Act

Legislation regulating the sale of goods, ensuring certain standards for transactions.