All of the following are components of express contracts except:
a. the terms are stated in writing and often in great detail.
b. the terms and conditions of the contract must be inferred from the contracting parties' behavior toward one another.
c. the terms of the contract are explicitly stated.
d. the judge and/ or the jury is asked only to interpret the terms according to their plain meaning.
b
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The following frequency distribution shows the yearly tuition (in $1,000s) of a sample of private colleges. YearlyTuition Frequency 12 - 16 5 17 - 21 4 22 - 26 3 27 - 31 5 For the above data, compute the mean yearly tuition. (Give your answer in dollars.)
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In the 4Ps of the marketing mix, promotion refers solely to advertising
Indicate whether the statement is true or false
DuPree Enterprises reported the following cash collections in July and August from credit sales:?JulyAugustFrom June receivables$33,000?From July sales105,000$45,000From August sales?168,000The company sells a single product for $20, and all sales are collected over a two-month period.Required: A. Determine the number of units that were sold in July.B. Determine the percent of credit sales collected in the month of sale and the percent of sales collected in the month following sale.C. How many units were sold in August?D. Determine the accounts receivable balance as of August 31.
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The use of trade shows, conventions, and conferences to contact customers:
A. has been decreasing in recent years B. costs much less per potential customer than personal sales calls C. is most effective for mature products D. is usually directed toward the consumer goods market E. has a disadvantage in that it is usually impossible to display the product itself