Which of the Following Is an Example of a Sales

question 117

Multiple Choice

Which of the following is an example of a sales promotion that can be used to contribute to franchise building?

• A)A 50-cents off coupon on a box of Minute Rice to encourage repurchase.
• B)A sweepstakes or contest that uses a theme which is consistent with the image or positioning of the brand.
• C)A $50-rebate offer on the purchase of a Lane cedar chest.
• D)A price reduction of $5 on a pair of Lee jeans.
• E)A 'buy one get one free' offer on a pack of noodles.

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Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board that is globally accepted for preparing financial statements.

Balance Sheet Order

The sequence in which assets, liabilities, and equity are presented in the balance sheet, typically starting with current assets and liabilities.

Noncurrent Assets

Long-term assets that are not expected to be converted into cash within one year or the operating cycle, such as property, plant, and equipment.

IASB and FASB

International Accounting Standards Board and Financial Accounting Standards Board, respectively, setting and promoting accounting standards.