Unlike marketers of physical products, marketers of services do not have to address the question of logistics since services do not require a distribution strategy.

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


False

Logistics activities of services are difficult to visualize. Nevertheless, the same strategies used to manage inventory can also be used to manage service inventory, for instance, hospital beds, bank accounts, or airline seats.

Business

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Increase in ice cream consumption during the summer months is an example of ______.

a. predictable variations b. random variations c. irregular variations d. abnormal variations

Business

Fitch Supply Services received $1,000 cash from a customer; the amount was owed to the business from the previous month. What is the effect of this transaction on the accounting equation?

A) Accounts Receivable increases and Service Revenue increases B) Cash increases and Accounts Receivable decreases C) Cash increases and Service Revenue increases D) Cash increases and Accounts Payable decreases

Business

Roboto Robotics Inc creates an internal social media network using enterprise social networking software and systems. The advantages of an internal social media network include

a. obtaining real-time information about important issues. b. mass e-mailings. c. employees' posts of personal notes. d. "white noise.".

Business

Gliding Light, LLC, and Hang Gliders, Inc, are parties to a contract. They subse¬quently agree that High Riders Inc should take Gliding Light's place and assume all of its rights and duties under the contract. This is

a. a mutual agreement to rescind. b. an accord and satisfaction. c. a novation. d. a settlement agreement.

Business