Vending Machines Are an Example Of

question 52

Multiple Choice

Vending machines are an example of:

• A) automatic merchandising.
• B) Internet retailing.
• C) telemarketing.
• D) direct selling.

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Definitions:

Increase Accounts Payable

An action reflecting a rise in the amount owed by a company to its creditors for goods or services received but not yet paid for.

Accounts Payable

Short-term liabilities representing amounts owed by a business to suppliers or creditors for goods and services purchased on credit.

Merchandise Inventory

The total value of a company's goods that are available for sale to customers.

Initial Purchase

The first acquisition of goods or assets for the purpose of business operations or investment.