A Company That Allows Consumers to Use Monthly Installment Plans

question 77

Multiple Choice

A company that allows consumers to use monthly installment plans for buyers to pay for products is using the promotional tool of ________.

• A)direct marketing
• B)public relations
• C)advertising
• D)personal selling
• E)sales promotion

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Definitions:

Financial Statements

Documents that provide an overview of a company's financial condition in both short and long term, including balance sheet, income statement, and cash flow statement.

Depreciable Asset

An asset that loses value over time due to wear and tear or obsolescence and can have its cost spread out over its useful life for accounting purposes.

Proceeds

The amount of money received from a transaction, sale, or event.