________ Is the Only Element in the Marketing Mix That

question 7

Multiple Choice

________ is the only element in the marketing mix that produces revenue.

• A) Price
• B) Product
• C) Place
• D) Fixed costs
• E) Variable costs

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Definitions:

Unsecured Creditors

Creditors who have extended credit without the protection of collateral, making their claims on a debtor’s assets secondary to those of secured creditors.

Collateral

Property or assets pledged by a borrower to secure a loan or other credit, and subject to seizure on default.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a debt.

Financing Statement

A document filed by a creditor to indicate a security interest in the assets of a debtor, typically used in secured transactions.