Each of the Following Is an Example of Value-Added Incentives

question 114

Multiple Choice

Each of the following is an example of value-added incentives designed to encourage web visitors, except:

• A)offering merchandise on the website that is not available in a catalog or in retail stores.
• B)offering free shipping and handling.
• C)weekly or daily tips on a topic meaningful to the web visitor.
• D)personalizing products to individual consumers based on previous visits to the website and past purchases.

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Definitions:

Adjusted Basis

The original cost of a property adjusted for factors such as depreciation or improvements, used in calculating capital gains or losses for tax purposes.

Wash Sale

A tax term referring to the sale of a security at a loss and the repurchase of the same, or substantially the same, security shortly before or after, which disallows the claim of the loss for tax purposes.

Substantially Identical

Refers to property or securities that are nearly the same, often used in tax rules concerning wash sales.

Fair Market Value

The price at which an asset would sell on the open market between a willing buyer and a willing seller.