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Slatescape sells crushed slate to be used as a decorative,permanent mulch to keep weeds out of flower beds.Initially,Slatescape was marketed heavily to home owners,but after years of radio and television advertising,Slatescape has decided to put a majority of its promotion budget into personal selling and sales promotion to lawn and garden supply stores and large discount stores such as Zellers.What type of strategy is this new approach?
M1
A category of the money supply that includes all physical money like coins and currency, as well as demand deposits, and other liquid assets quickly convertible to cash.
M2
A measure of the money supply that includes cash, checking deposits, and easily convertible near money such as savings deposits, money market securities.
Savings Account
A deposit account held at a financial institution that provides principal security and a modest interest rate.
Traveler's Checks
A preprinted, fixed-amount check designed to allow the person signing it to make an unconditional payment to someone else as a result of its being counter-signed.
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