Planning Sessions, Workshops, Formal Reports, and Employee Education, Training, and Socialization

question 25

Multiple Choice

Planning sessions, workshops, formal reports, and employee education, training, and socialization programs are all part of the internal _____ that is necessary to implement marketing strategy using the internal marketing approach.

• A) promotion
• B) pricing
• C) product
• D) distribution
• E) process

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Definitions:

Payment Default

The failure to make a required payment on a loan or other debt obligation by the due date.

Loan Covenants

Agreements between a borrower and a lender that the borrower must comply with to remain in good standing.

Principal and Interest

The original amount of a loan (principal) combined with the cost of borrowing that money (interest).

Financial Covenants

Agreements between a borrower and lender setting specific financial ratios or milestones the borrower must maintain.