A lockbox system is used to reduce collection float by shortening all three basic float components (i.e., mail, processing, and clearing)

A media buyer's job is to purchase space as well as to negotiate rates, times, and schedules for ads

Indicate whether the statement is true or false

Henry Ford's philosophy was to perfect the Model-T so that its cost could be reduced further for increased consumer affordability. This most likely reflects the ________

A) customer-driving marketing concept B) marketing concept C) societal marketing concept D) production concept E) selling concept