American businessman King Gillette pioneered the sales model in which razor handles were given away for free or sold at a loss, but sales of disposable razor blades were very profitable. This is known as the _______ model

Which of the following indicates the greatest progress toward completion of a sale?

a. buyer advised broker that buyer would sign acceptance of seller's counter offer b. broker notified buyer of seller's signed acceptance of buyer's offer c. seller informed broker that seller would accept the lower price offered by buyer d. broker advises principal that broker has a signed offer to buy per the listing terms

A customer's profitability is judged on the basis of the lifetime stream of revenue and cost, not the profit from a particular transaction

Indicate whether the statement is true or false