__________ Is a Sales Strategy in Which the Sales Person

question 158

Multiple Choice

__________ is a sales strategy in which the sales person will provide customers the opportunity to purchase higher-value related products or services as opposed to, or along with, the customer's initial product or service selection.

• A)Bundling
• B)Cross-selling
• C)Personalization
• D)Upselling

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Definitions:

Notes Payable

Financial obligations represented by promissory notes, where the borrower agrees to pay back a specified sum of money on demand or at a determined future date.

Prepaid Expenses

Expenses paid in advance by a company for goods or services to be received in the future.

Adjusting Process

The procedure used in accounting to record and reconcile expenses and revenues in the appropriate accounting period.

Accrued Expenses

Expenses that have been incurred but not yet paid, recognized on the books before they are paid for.