Orwin, owner of a used furniture store, gives Maggie a signed offer to buy her living room furniture for $800 . This offer:
a. is revocable at any time because no consideration was given.
b. would have been irrevocable if Orwin were a merchant, but he would not be considered a merchant under the UCC.
c. is irrevocable for a reasonable time, not to exceed three months, even if there was no consideration.
d. is revocable without consideration because it is an offer to buy rather than to sell.
c
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Which approach is used by firms operating in high-end markets in order to avoid damaging the high-end brand's reputation?
A) brand extension B) co-branding C) flanker brand D) complementary brand
A company's competitive strategy
A) defines the set of customer needs that it seeks to satisfy through its products and services. B) specifies the portfolio of new products that it will try to develop. C) specifies how the market will be segmented and how the product will be positioned, priced, and promoted. D) determines the nature of procurement and transportation of materials as well as manufacture and distribution of the product.
Which mode would provide the fastest service capability?
A) rail B) water C) motor D) air
Japan violates an international law. Other countries may
A) impose fines on Japan. B) imprison Japan's leaders. C) boycott Japan's goods. D) tax Japanese citizens.