Sales Opportunities in the Service Sector Are Expanding Because

question 23

Multiple Choice

Sales opportunities in the service sector are expanding because:

• A)service providers connect directly with consumers
• B)the service industry has a higher growth rate than the product industry does
• C)modern consumers need help with activities that they used to be able to do on their own
• D)the service industry is starting to saturate the market relative to the industrial and product industries
• E)the service industry provides a higher commission rate for salespeople than the other industries

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Definitions:

Contract Rate

A pre-agreed interest rate applied in the calculation of payments for a specific financial contract.

Market Rate

The prevailing interest rate available in the marketplace for instruments of comparable risk and maturity.

Bond Certificates

Documents that serve as legal proof of ownership of bonds, detailing the terms of the bond issue such as its maturity date, coupon rate, and issuer.

Market Value

The price that a buyer pays to purchase shares of capital stock in the open market. Of course, for every buyer there is a seller.