Premiums, One of the Oldest and Largest Categories of Sales

question 3

True/False

Premiums, one of the oldest and largest categories of sales promotion, usually involve programs in which merchandise such as writing instruments, calendars, and clothing is given to customers in exchange for a purchase or some other action.

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Definitions:

Income

Money received, especially on a regular basis, for work, through investments, or from benefits, that may be subject to taxes.

Services

Economic activities that result in intangible benefits or outputs, such as consulting, banking, or repair work.

Property

Assets owned by a person or a company, encompassing both physical objects and intellectual property.

Life Insurance Proceeds

The money paid to the beneficiaries of a life insurance policy when the insured person passes away.