What Is the Term for a Low-Profile,yet Important,form of Retailing

question 86

Multiple Choice

What is the term for a low-profile,yet important,form of retailing in which consumers get products out of machines,and accounts for $60 million worth of sales each year in Canada?

• A)automatic vending
• B)machine retailing
• C)direct marketing
• D)robotic purchasing

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Definitions:

Chief Executive Officer

The highest-ranking executive in a company, responsible for making major corporate decisions, managing operations, and communicating with the board of directors.

Treasurer

An executive role in a company or organization, responsible for managing the institution's treasury and overseeing its financial and investment strategies.

Controller

A chief accounting officer of a company, responsible for overseeing all accounting operations including financial reporting and budgeting.

Capital Budgeting

The process a business undertakes to evaluate potential major projects or investments, analyzing the cash inflows and outflows to determine whether the returns meet a sufficient target benchmark.