The statement "Place is what a customer must give up in order to receive the benefits" is: False.
<h3>What is Marketing mix?</h3>
Marketing mix is a marketing strategy and can be defined as those instrument that a company or an organization make use of so as to acheive their marketing aims and objective.
The statement is False because customers have to give up price so as to make it possible for them receive the benefits offered by the rest of a firm's marketing mix.
Therefore the statement is false.
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Answer: 2.09
Explanation:
Given the following ;
Strike price (K) = $50
Price (c) = $6
Rate (r) = 6% = 0.06
Stock price (So) = $51
Time (T) = 1
Recall, relation for a put-call parity(p) is given by:
p + So = c + Ke^-(rT)
p = c + [Ke^-(rT)] - So
p = 6 + [50e^-(0.06 × 1)] - 51
p = 6 + [50×e^-0.06] - 51
p = 6 + (50 × 0.9417645) - 51
p = 6 + 47.0882267 - 51
p = 53.0882267 - 51
p = 2.0882267
p = 2.09
Answer and Explanation:
The traditional adversarial relationship with suppliers would change when a firm makes a decision to move to the new suppliers. The firm would focus more on the channels that provides more growth prospects.
Firms seek to build long term relationships with the few suppliers. Such long run relationship makes it more likely to recognize the specific objectives of the acquiring firm and the end customer.
The correct answer to the question is (B) referent power.
Referent power refers to <u>a type of power that a person attains through his or her interpersonal relationship skills</u>.
Though personalized power seems like an answer it is actually not, it is a type of motive that a person has for power. Legitimate, reward, and coercive all stem from external sources, and thus they do not fit the description in the question.