Scanning the general environment would identify information on
A. the aging population and ethnic shifts.
B. substitute goods.
C. competitive rivalry.
D. customer and firm bargaining power.
Answer: A
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Henry Ford’s strategy was essentially the product of his ‘single brain.’ Much more recently, the incoming chief executive of a struggling global corporation told his senior management team that ‘from now on, I will decide the strategy and you will do the implementing.’ Is this even a remotely realistic proposition?
What will be an ideal response?
As a birthday gift, Ben's uncle promised Ben that he would pay Ben's business school tuition for the next semester. In reliance on that promise, Ben quit his part time job at a fast food restaurant. When the tuition bill became due, Ben's uncle told Ben that he was sorry but that he would not be able to pay the tuition because he just built a new swimming pool at his house, and funds were running
short. Ben asks you if there is any basis upon which he could win in litigation against his uncle. Which of the following would be the best advice? a. That Ben should sue for breach of contract because an offer, acceptance, and consideration are all present. b. That Ben should sue for breach of contract because an offer and acceptance are present, and his reliance would substitute for consideration. c. That Ben should sue based on promissory estoppel. d. That Ben should hurry and try to get his job back because there is no basis upon which he would have a viable case.
Which of the following is a correct ordering of homeowners' policies from the least to the most coverage?
A) Basic Form HO-1, Broad Form HO-2, Special Form HO-3. B) Basic Form HO-1, Special Form HO-3, Broad Form HO-2. C) Special Form HO-3, Basic Form HO-1, Broad Form HO-2. D) Special Form HO-3, Broad Form HO-2, Basic Form HO-1.
_____ occurs when products are distributed through unauthorized marketing channels.
A. Black marketing B. Countertrading C. Channel malfeasance D. Gray marketing E. Reverse channeling