The elements for a valid contract do NOT include:
A) ?a fair price

B) ?capacity.
C) ?consideration.
D) ?assent.


A

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Which of the following is true about defensive portfolio strategies?

A) They are more growth oriented than offensive portfolio strategies. B) They aim to protect important strategic market positions. C) They are most commonly implemented in attractive markets by businesses with a weak competitive position. D) They are most commonly implemented in unattractive markets by businesses with a high competitive position index. E) They aim to reduce short-run cash flow and profit performance, to promote growth in the long-run.

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A(n) ________ can be especially useful for companies that need to have secure communications with their dealers, distributors, and/or franchisees

A) intranet B) social networking site C) extranet D) virtual trade show E) buying center

Business

Which of the following would be an example of a reverse auction?

A. Direct buyer- seller bidding B. Blind bidding on consumer's perceived value C. Suppliers bidding for contracts D. Distributors bidding on territories E. All of the above

Business

Although ultimate responsibility for implementing and executing strategy falls upon the shoulders of senior executives,

A. the pivotal and most decisive strategy-implementing actions are carried out by frontline supervisors who have the day-to-day responsibility of seeing that key activities are done properly. B. it is a company's employees who most determine whether the drive for good strategy execution will succeed or fail. C. the success or failure of the implementation/execution effort hinges chiefly on a company's reward system and whether its policies and procedures are strategy-supportive. D. top-level managers still have to rely on the active support and cooperation of middle and lower-level managers in pushing needed changes in functional areas and operating units. E. the success or failure of the implementation/execution effort hinges chiefly on doing an effective job of empowering employees to make day-to-day operating decisions that support good strategy execution.

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