A Type of Sales Practice in Which the Purchaser Supplies

question 91

Multiple Choice

A type of sales practice in which the purchaser supplies a seller with a list of friends or acquaintances and receives a benefit when sales are made to those people is known as

• A) referral selling.
• B) direct sales.
• C) one-off marketing.
• D) preferred selling.
• E) consumer sales.

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Definitions:

Collateral Agreement

A secondary contract that supports the performance of obligations in a primary contract, often by providing for a security interest in assets.

Consideration

Something of value exchanged between parties in a contract, which is necessary for the agreement to be legally binding.

Power of Attorney

An official paper authorizing an individual (the agent) to handle legal or financial issues for another person (the principal).

Legal Document

A document that states some contractual relationship or grants some right, enforceable by law.