Bolve Technologies Is a Small-Scale Smartphone Manufacturer

question 35

Multiple Choice

Bolve Technologies is a small-scale smartphone manufacturer. It advertises its phones via television commercials. Customers can buy these phones only by placing a call to the sales reps of Bolve Technologies. It is evident that Bolve Technologies is engaged in _____.

• A) e-tailing
• B) direct response retailing
• C) direct selling
• D) vending

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Definitions:

Balances

The amounts of money recorded in financial accounts, reflecting the difference between credits and debits.

Reported

Information or data that has been formally communicated or disclosed, often referring to financial performance or events.

Debt Ratio

A financial ratio that measures the extent of a company’s leverage, calculated by dividing its total debt by its total assets.