Under the common law an offeror may revoke an offer:
A) At any time.
B) After the offeree has rejected the offer.
C) After the offeree has accepted the offer.
D) Prior to the acceptance of the offer.
D
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Tosho Electronics, a leading Japanese, electronic manufacturer believes shorter product life cycles of new products reduces the scope for R&D and innovation. Offer a possible reason for shorter lifecycles
What will be an ideal response?
As a result of constrained decision making in franchising, _____
a. oversaturation of outlets can occur b. royalties are based on sales, not profits c. the franchisor can limit franchisee input into planning d. the franchisor uses short-duration leases
Which of the following is NOT true concerning adoption-curve groups?
A. The early adopter group tends to have the greatest contact with salespeople. B. Early adopters are often unusual people who are not seen as opinion leaders. C. The early majority group have a lot of contact with mass media, salespeople, and opinion leaders. D. Innovators rely more on impersonal sources of information than on salespeople. E. Business firms in the innovator group are usually rather specialized and willing to take risks.
Ellen contracts with James to be her stockbroker, making stock trades for Ellen's account. Ellen need not pre- approve the trades that James makes, only trades for more than $20,000 . Ellen and James include a clause stating "that in case of any disputes arising out of this contract; the dispute shall be arbitrated using the rules of the New York Stock Exchange." Ellen learns that since signing
her contract with James, he has routinely been making trades worth more than $20,000 without her permission, and losing money. If Ellen and James did mediate this dispute, their mediator: a. would have to be an attorney b. would have to represent one of them c. could be anyone at all, in any state d. might have to be professionally trained e. must be professionally trained according to federal law