The Retail Format in Which the Retailers Communicate with Customers

question 8

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

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Definitions:

The Board of Directors

A group of individuals elected by the shareholders of a corporation to oversee and make decisions on behalf of the corporation.

Partnership

An officially authorized business partnership in which two or more persons co-manage the operation and profit-sharing.

Limited Liability Company

In the United States, a company framework where the owners bear no personal responsibility for the firm's financial obligations or liabilities.

General Partnership

A partnership in which the partners divide profits and management responsibility and share unlimited personal liability for the partnership’s debts.