Which of the Following Is Generally Considered an Advantage of Personal

question 74

Multiple Choice

Which of the following is generally considered an advantage of personal selling over other marketing options?

• A) cost-effectiveness for marketing inexpensive products
• B) the development of personal relationships with customers
• C) low rates of turnover
• D) low compensation costs for employees
• E) the ability to reach large numbers of customers

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Definitions:

Bonds

Long-term debt securities issued by corporations or governments to finance operations, projects, or other capital needs, paying periodic interest and the principal amount at maturity.

Stock

Stock represents ownership shares in a corporation, giving holders a claim on part of the company's assets and earnings.

Bond Payable

A recorded obligation indicating a company must repay a borrowed sum at a set interest rate by a specified date.

Accounts Payable

Liabilities or amounts owed by a business to its creditors for goods and services that have been received but not yet paid for.