________ pricing involves setting prices based on the expenses involved in producing, distributing, and selling a product plus a fair rate of return for a company's effort and risk
A) Competition-based
B) Value-added
C) Cost-based
D) Good-value
E) Demand-based
C
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Which of the following characteristics best defines talkative customers?
A. Customers who have definite ideas about what they want and are unwilling to compromise or accept alternatives. B. Customers exhibiting extroverted behavior and who are very people-oriented. C. Customers who seem to have their own agenda without concern for the feelings of others. D. Customers who take pleasure in being obstinate and contrary when dealing with service providers.
Jeff was a subcontractor, bidding on a contract for ACE Corp, the general contractor. When adding up the total of materials and labor, Jeff's secretary mistakenly moved the decimal point one place, ending up with a bid of $3500 rather than $35,000 . ACE Corp accepted Jeff's bid, mostly because all the other bids were over $30,000 . When Jeff learned of the mistake, he tells ACE Corp that he
cannot do the job for $3500 . If ACE Corp sues to enforce this contract, what is the most likely result? a. The contract is enforceable, since there was an offer, acceptance, and consideration. b. This is a bilateral mistake, so the contract can be rescinded by either party. c. This is a unilateral mistake, so the contract cannot be rescinded by Jeff. d. This is a unilateral mistake, but one where ACE Corp. knew that a mistake had been made. Jeff should be able to rescind the contract.
In an economic production lot size situation, the producer is producing half the time if the ratio of production rate to demand rate is ________
Fill in the blanks with correct word
A business arrangement in which one party performs a variety of functions on behalf of the other party is:
a. agency. b. subrogation. c. representation. d. None of the above