INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 96

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-The premium on your term insurance will [increase | stay the same] with each renewal.

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Distribution Channel

refers to the path or route through which goods and services travel from the producer to the final user or consumer.

Merchant Wholesalers

Businesses that buy goods in large quantities from manufacturers and resell them in smaller quantities to retailers.

Catalog Retailers

Companies that sell products through printed or online catalogs, allowing customers to shop remotely.

Nonstore

Retail operations that sell products outside of a traditional physical store setup, including online, mobile, and catalog sales channels.