Which of the following is NOT included within the Code definition of merchantability?
a. Reasonably fit for the ordinary purposes for which the goods are used.
b. Pass without objection in the trade under the contract description.
c. In the case of fungible goods that they be of a quality that exceeds the description and be above average.
d. Be of fair, average quality.
c
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Which of the following actions is a restaurant owner most likely to take in order to reduce problems associated with service intangibility?
A) increase entree prices after 6:00 p.m. B) provide clean tablecloths and fresh napkins for each new customer C) empower employees to handle customer complaints D) offer discounted prices for appetizers ordered during happy hour E) hold regular employee workshops focusing on customer service
Which sentence is correctly punctuated?
A) When people buy expensive items in online auctions, the items purchased may not be authentic. B) When people buy expensive items in online auctions; the items purchased may not be authentic. C) When people buy expensive items in online auctions the items purchased may not be authentic.
The stock market crash of 1929 and the subsequent Great Depression resulted in the beginning of extensive regulation of corporations.
Answer the following statement true (T) or false (F)
According to Michael Porter, managers have two basic ways of increasing the value of an organization's product: differentiating the product or lowering the costs of making it. Define each strategy and analyze its impact on profits and the entry of new competitors into the industry.
What will be an ideal response?