Professional Sales

Which of the following is an example of a capital good?

• Accounting

• Tutoring Children

• Clothing

• Steel

True or False: Demand is the consumer's desire, willingness and ability to make a purchase.

• True

• False

Which signs show that the national economy is strong?

• The unemployment rate increases.

• The number of real estate sales decrease.

• The national income increases.

• The gross domestic product decreases.

In 1985, a movie ticket cost, on average, $3.55. In 2019, a movie ticket costs, on average, $9.26.

Which economic indicator caused the increase in movie ticket prices?

• consumer spending

• inflation

• consumer confidence

• gross domestic product

Which descriptions refer to wholesale sellers?

• Their customers are end users who buy what they need.

• Their customers are businesses that resell the products.

• Items are sold in small quantities at higher unit prices.

Which of the following is NOT an example of an advantage of ethical business behavior in the workplace?

• The business can attract and retain talented employees.

• The business can increase legal fees.

• The business can build customer loyalty.

Which of the following is NOT an advantage that e-commerce offers over a brick-and-mortar retail?

• Expanded consumer base

• 24/7 operating hours

• Limited overhead costs

• Increased payroll needs

At which dollar amount must a sales contract be put into writing?

Which is NOT a way that an express warranty can be presented?

• An express warranty can be presented on tags attached to a product.

• An express warranty can be a written contract made during sales negotiations.

• An express warranty can be an implied understanding that a product works.

• An express warranty can be a verbal agreement made at the time of a sale.

Who owns a certification mark?

• Organization that determines the standards

• Manufacturer

• Consumer