The UCC provides that a contract for the sale of goods can be effectively modified without new consideration, provided the modification is made in good faith and both parties intend to modify the contract
a. True
b. False
Indicate whether the statement is true or false
True
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The reasonable person standard is a(n) ________ standard
A) subjective B) objective C) scientific D) objectified
In the context of codes of ethics,the best-known code is the Johnson & Johnson Credo, which has guided the company profitably through a number of crises. One of the striking elements of the credo is the firm focus on:
A. fairness. B. nepotism. C. ethnocentrism. D. collusion.
Micro-marketing will probably continue to cost too much as long as
A. firms do "mass marketing." B. the marketing concept is not accepted. C. some managers believe that anyone can run a business successfully. D. firms fail to identify new opportunities. E. All of these are reasons micro-marketing will probably continue to cost too much.
A clothing retailer has been striving to reduce the costs of its inventory, but many of its customers are switching to competitors because they do not want to wait for the retailer to order the items. This retailer is experiencing _____.
A. customer satisfaction B. stock-out costs C. production concerns D. holding costs E. just-in-time inventory