Which of the Following Is a Disadvantage Associated with Personal

question 27

Multiple Choice

Which of the following is a disadvantage associated with personal selling?

• A)Lack of personalization
• B)Sales force/management conflict
• C)Lack of direct feedback
• D)Inability to tailor messages
• E)Lack of customer involvement in the decision process

Identify the circumstances under which a partnership can be formed, including the role of goodwill.

Grasp the legal requirements for setting up and operating a sole proprietorship.

Understand the concept of unlimited liability for sole proprietors and partners.

Comprehend the legal entity status of societies and their separation from members.

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Definitions:

Uttering

The crime of offering a forged instrument to another person, knowing it to be forged.

Check 21 Act

A law that makes check clearing much quicker by the use of a substitute check in place of the original check for electronic check processing.

Electronic Transfer

The digital movement of funds from one account to another, either within the same financial institution or between different ones.

Beneficiary

An person or entity designated to receive benefits or assets under a legal arrangement or instrument, such as a will, trust, or insurance policy.