Also known as the after-only design, the one-shot case study may be symbolically represented as:

When a company uses the last-in, first-out (LIFO) method, the cost of goods sold correlates to the most recently purchased goods, and the ending inventory correlates to the oldest goods in stock

Indicate whether the statement is true or false

7-Eleven has recently begun to redesign and restock its stores to offer a more upscale environment and products, such as house wines and fresh foods

According to the 7 Ps classification of the elements of the marketing mix, 7-Eleven has changed its ________. A) physical evidence B) price C) promotion D) process E) people