The Primary Advantage of Automatic Vending as a Form of Retailing

question 228

Multiple Choice

The primary advantage of automatic vending as a form of retailing is that

• A) it offers a low-cost, personal method of selling products.
• B) it provides a continuous service to consumers.
• C) since vending machines must be serviced frequently, the products they sell are always fresh.
• D) vending machines require very few repairs.
• E) it eliminates the need for sales personnel.

---

Definitions:

Coupon Redemption

The process of a bond investor submitting a coupon to the issuer to receive the interest payment due.

Cheese Plate

A selection of cheeses often served as an appetizer or dessert, typically accompanied by crackers, fruit, or nuts.

Estimated Warranty Liability

A provision recognized in the financial statements for the expected cost of fulfilling product warranty promises.

Machine Sales

Transactions involving the selling of machinery, which can be a significant source of revenue and profit for manufacturing and equipment companies.