The Retail Format in Which the Retailers Communicate with Customers

question 13

Multiple Choice

The retail format in which the retailers communicate with customers and offer products and services for sale over the Internet is called:

• A) computerized shopping
• B) direct selling
• C) electronic retailing
• D) television home shopping
• E) catalogue retailing

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Definitions:

Retained Earnings

The sum of a company's earnings up to the present, reduced by any shareholder dividends or distributions.

Total Assets

The sum of all assets owned by a company, including both current and fixed assets, as represented on the balance sheet.

Dividends

Disbursements issued by a company to its shareholders, usually sourced from the organization's earnings.

Income Summary

A temporary account used to transfer the revenues and expenses for an accounting period to the Retained Earnings account.