_____ Might Be Classified as an Aspect of Sales Promotions

question 98

Multiple Choice

_____ might be classified as an aspect of sales promotions or public relations, though their connections to advertising are also manifest.

• A) Trade shows
• B) Cent-offs
• C) Road shows
• D) Sweepstakes
• E) Corporate sponsorships

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Definitions:

Sales

The cumulative amount of money made by a business from selling its goods or services.

Average Collection Period

The average collection period is the average amount of time it takes for a business to receive payments owed by its customers for sales made on credit.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for.

Sales on Account

Transactions where goods or services are delivered with payment to be made at a later date, typically recorded as accounts receivable.