If huy fong were to introduce a new milder version of its renowned sriracha hot chili sauce to satisfy customers who think the current product is too spicy and the original product is kept in the product mix, this would represent a a. product differentiation b. product modification c. line extension d. quality modification e. brand extension huy fong uses peppers that are ground within six hours of being picked to ensure their freshness, and david tran, creator of the sauce, says, "we do the fresh one, the best one, the cheapest one." he clearly believes these attributes make his product stand out in a crowded market. which of the following terms is used to describe the process of creating and designing products so customers perceive them as different from competing products? a. product design b. line extension c. customer service d. product differentiation e. product modification

Steffi is reviewing various licenses and their uses. match the licenses to their respective uses.

marketing strategies should be established before marketing objectives are decided. t/f

Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above