Promotions designed to increase product availability in distribution channels are known as:
A) sales promotions.
B) price promotions.
C) trade sales promotions.
D) consumer sales promotions.
E) nonprice promotions.
C
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Replacing a product after it has been sold is an external failure cost
Indicate whether the statement is true or false
eBay’s transformation of e-commerce and online auctions and Amazon enabling the purchase of books online are examples of ______.
a. product innovation b. process innovation c. innovation in materials d. innovation in equipment manufacture
Order fill rates of 100% ______.
A. are impossible to achieve, no matter what B. can be achieved, provided we are willing to overstock items C. can be achieved only in some industries D. can be achieved using a periodic review system
Temporary chaos can result as markets make adjustments under Adam Smith's theories
Indicate whether the statement is true or false