Perfect Pasta plans to open five new stores before 2018. However, if the economy does not improve and if consumer confidence does not rise as hoped, it might open just two stores. This backup plan is an example of a ________ plan.
A. single-use
B. dominant
C. contingency
D. tactical
E. standing
Answer: C
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Many companies are beginning to realize that they are not really market and customer driven, they are product and sales driven. In the attempt to transform themselves into true market-driven companies, firms are required to change
Describe and explain what changes are necessary.
________ are defined as contracts in which the only choice for one of the parties is between agreeing to the terms dictated by the other party or not contracting at all.
A. Aleatory contracts B. Contracts of expression C. Bilateral contracts D. Contracts of adhesion
Within the relevant range, fixed and variable costs behave differently
Indicate whether the statement is true or false
Which of the following is true of misrepresentation of a material fact?
A) It can occur only by the words of the wrongdoer. B) A misrepresentation is actionable as fraud only if it is the sole factor in inducing the innocent party to enter into the contract. C) It is actionable as fraud if the misrepresentation is of a past or existing material fact. D) Predictions about the future are considered basis for fraud.