Factor substitution involves replacing labor in production process with new equipment and machinery. *

True

False

Signage, vehicle livery, and product endorsements are all ways to increase the publicity of the organization and its products. *

True

False

Non-financial rewards can make a job more attractive and help retain and motivate employees. *

True

False

A distribution channel comprises all the people and organizations involved in the physical movement of a good or service from producer to consumer. *

True

False

Business banking and management consultancy are examples of producer services. *

True

False

The development stage of the product life cycle has high costs and no sales. *

True

False