_________________ Involves Independent Businesspeople Contacting Consumers Directly to Demonstrate and Sell

question 92

Multiple Choice

_________________ involves independent businesspeople contacting consumers directly to demonstrate and sell products or services in a convenient location,often the consumer's home or workplace.

• A) Direct selling
• B) Television home shopping
• C) Vending machine retailing
• D) Catalog retailing
• E) Electronic retailing

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Definitions:

Entrance Fee

The amount of money charged for gaining access to a service, facility, or event.

Amusement Park

A large outdoor area with rides, games, and shows designed to entertain people of all ages.

Price Discrimination

An approach to pricing in which a single provider sells almost identical goods or services at varying prices across different markets.

Consumer Surplus

The variance between what consumers are prepared and can afford to pay for a product or service and the actual amount they end up paying.