Which of the Following Statements Is Correct

question 16

Multiple Choice

Which of the following statements is correct?

• A)Michael Milken pioneered an active high-yield bond market in the late 1970s that provided much needed capital to entrepreneurs and financial innovators.
• B)Prior to Milken, the only junk bonds were those issued by once financially stable firms that had fallen on hard times.
• C)Milken showed investors that, historically, junk bonds rarely defaulted and offered a very high return to those willing to assume the risk of owning them.
• D)All of these statements are correct.

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Definitions:

Direct Selling

A retail channel for the distribution of goods and services directly to consumers, typically in a non-retail setting.

Direct-Response Retailing

A retail strategy that promotes immediate customer action through direct communication, such as online advertisements or infomercials.

Nonstore Retailer

Refers to a business that sells products to customers without requiring a traditional physical storefront, often through online platforms, catalogs, or TV shopping channels.

Intensive Distribution

A market strategy where a company's products are stocked in as many outlets as possible to maximize accessibility and sales.