A Promotion Such as a Contest or Sweepstakes Can Avoid

question 32

Multiple Choice

A promotion such as a contest or sweepstakes can avoid being considered a lottery or form of gambling by:

• A)conducting the contest or sweepstake only at the regional level and not national level.
• B)providing full disclosure.
• C)not requiring consumers to make a purchase as a condition for entering.
• D)publishing the odds of winning.
• E)requiring the consumer to pay a consideration.

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Definitions:

Innovation

The process of creating new ideas, products, or methods that add value or solve existing problems in a novel way.

Product-Development

The creation process that takes a product from concept to market availability.

R&D Spending

Expenditures dedicated to research and development activities, aimed at developing new products, services, or processes or improving existing ones.

Revenue Growth

The increase in a company's sales and income over time.