A short definition of marketing is "meeting needs profitably."

Credit risk is a factor for commercial mortgage-backed securities because they are backed by mortgage loans that:

A. are non-recourse. B. have limited call protection. C. Have no prepayment penalty points

Which of the following is characteristic of the products/services that are best suited for short

distribution channels? A) The products are configured to suit a particular purpose. B) All customers get the same item. C) The products are sold to a mass market. D) The product is not susceptible to breakage or spoilage.