The Primary Advantage of Automatic Vending as a Form of Retailing

question 228

Multiple Choice

The primary advantage of automatic vending as a form of retailing is that

• A) it offers a low-cost, personal method of selling products.
• B) it provides a continuous service to consumers.
• C) since vending machines must be serviced frequently, the products they sell are always fresh.
• D) vending machines require very few repairs.
• E) it eliminates the need for sales personnel.

---

Definitions:

Discount Rate

The interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility.

Money Supply

The overall pool of financial assets in an economy at a given stage.

Leverage Ratio

A financial metric measuring the amount of debt used by a company to finance its assets relative to the value of those assets.

Insolvent

Insolvent refers to the inability of an individual or organization to meet its financial obligations as they become due, due to a lack of sufficient assets.