The seven elements of the marketing mix for services are product, promotion, place, price, process, progress, and people.

Answer the following statement true (T) or false (F)


False

Business

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______ is the percentage of times that a system or equipment is operating properly when it is needed for use.

A. Availability B. Maintainability C. Redundancy D. Reliability

Business

Marketers at Omega Pharmaceuticals are identifying stores and outlets that will be most convenient for customers to buy its products. The company is also planning the logistics of how and when the products will be delivered to the outlets

Fill in the blanks with correct word.

Business

Discuss the not-invented-here syndrome with the help of an example.

What will be an ideal response?

Business

On January 1, a company issued a $500,000, 10%, 8-year bond payable, and received proceeds of $473,845. Interest is payable each June 30 and December 31. The total interest expense on the bond over its eight-year life is $400,000.

Answer the following statement true (T) or false (F)

Business