Conveniently Located Vending Machines Around Your College or University Campus

question 94

Multiple Choice

Conveniently located vending machines around your college or university campus make it easy for you to buy a soda and a snack between classes. This is an example of the ________ element of the marketing mix.

• A) production
• B) place
• C) price
• D) profit
• E) promotion

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Definitions:

Principal

The main party to a transaction or agreement, often responsible for the obligations and benefits that arise from the contract.

UPA

Uniform Partnership Act, a standardized set of laws to govern the formation, operation, and dissolution of partnership businesses in the United States.

Liability

A legal responsibility or obligation, often involving the requirement to compensate for loss or damage.

Withdrawal

Withdrawal involves the act of removing oneself or ceasing to participate in an activity, agreement, or other commitments.