When Paul Purchased Auto Insurance,the Agent Asked If He Had

question 79

Multiple Choice

When Paul purchased auto insurance,the agent asked if he had renters' insurance.Paul did not know that he can insure his belongings from fire and theft.When the agent explained how Paul can insure his personal belongings,Paul agreed and purchased renters' insurance along with the auto insurance.This is an example of:

• A)a multilevel close.
• B)cross selling.
• C)a qualified sale.
• D)missionary selling.
• E)order taking.

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Definitions:

Subscriptions Receivable

Amounts owed to a company for goods or services that have been subscribed to but not yet paid for by customers.

Current Liability

Financial obligations or debts of a company due within a year, including accounts payable, taxes owed, and short-term loans.

Sales Tax

A tax levied by the government on the sale of goods and services.

Current Maturities

The portion of a long-term debt that is due to be paid within the next year.