When products cannot be easily differentiated, the entrepreneur is forced to charge a lower price than the competition.
Answer the following statement true (T) or false (F)
False
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In an entity-relationship (E-R) diagram for the B/AR/CR process, you would expect that the word trigger would appear between the boxes for?
a. CUSTOMER and SHIPMENT b. CUSTOMER and SALES INVOICE c. STOCK PICK and SHIPMENTS d. SALES INVOICE and SHIPMENT
A certain mistrust of ______ has provided philosophical support for voluntary initiatives throughout the history of the United States.
A. lawyers B. academia C. volunteers D. government
Jan promises Eli $4,000 for one of his original paintings on the condition that she receives $1 million from her mother's will. Jan's promise:
a. is illusory. b. is legally sufficient unless Jan knows she cannot inherit the $1 million. c. is a conditional promise, which is not sufficient to form consideration. d. is legally inadequate, and the courts will therefore not enforce it.
A person may hold legal title to a good if:
a. the good exists b. the good has been identified to the contract c. the good is in the possession of a third party d. choices a and b are correct e. none of the other choices are correct