A Short-Term Inducement of Value Offered to Arouse Interest in Buying

question 16

Multiple Choice

A short-term inducement of value offered to arouse interest in buying a product or service is referred to as

• A) customer incentive.
• B) customer enticement.
• C) free publicity.
• D) sales promotion.
• E) purchase incentive.

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Definitions:

Trade Surpluses

A situation where a country's exports exceed its imports, leading to a positive balance of trade.

Balance of Trade

The difference between a country's exports and imports of goods, indicating the net earnings from trade.

Income Disparities

The difference in earnings among individuals or groups, often highlighting the economic inequality within a society.

Current Account

A component of a country's balance of payments that includes the trade balance, net primary income, and net secondary income transactions with the rest of the world.