Which of the following events would have the best chance of excusing performance of a contract based on commercial impracticability?
A. The price of a raw material increases slightly so that the contract will not be as profitable.
B. An unforeseeable trade embargo causes prices to triple.
C. The promisor of personal services dies.
D. The subject matter of the contract is destroyed.
Answer: B
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Which of the following is a possible trap of a price-cutting strategy?
A) Low prices usually achieve increases in both market share and market loyalty when customers switch. B) The company might need additional business because it has excess plant capacity. C) The company can initiate price cuts to dominate the market through lower costs. D) Consumers might not demand price concessions in the future. E) Competitors that match low prices might have longer staying power because of deep cash reserves.
External users of financial information:
A. Are not directly involved in operating the company. B. Make operating decisions for a company. C. Include internal auditors and managers. D. Make strategic decisions for a company. E. Are those individuals involved in managing and operating the company.
Focal points in a center aisle location in a retail setting are referred to as?
a. Macro-merchandising b. Micro-merchandising c. Meta-merchandising d. Mega-merchandising
Which distribution network design is being used when inventory is not held by manufacturers at the factories,
but is held by distributors/retailers in intermediate warehouses and package carriers are used to transport products from the intermediate location to the final customer? A) Manufacturer storage with direct shipping B) Manufacturer storage with direct shipping and in-transit merge C) Distributor storage with package carrier delivery D) Distributor storage with manufacturer pickup