A Lockbox Plan Is One Method of Speeding Up the Check-Clearing

question 30

True/False

A lockbox plan is one method of speeding up the check-clearing process for customer payments and decreasing the firm's net float position.

---

Definitions:

Psychographic Segmentation

This is a market segmentation strategy that divides consumers based on their personality traits, values, attitudes, interests, or lifestyles.

Behavioral Segmentation

The process of dividing a market into groups based on consumer behaviors, such as usage rate, purchase patterns, or brand loyalty.

Geographic Segmenting

The practice of dividing a market into distinct groups based on geographical regions, such as countries, states, or cities.

Demographic Segmentation

The process of dividing a market into segments based on variables such as age, gender, income, and education, to enable targeted marketing.