The statute of frauds,
a. requires all-important contracts to be in writing and signed by the party against whom action is brought.
b. specifically states in great detail the nature and amount of written information that must be included in the formal contract, if it is to be enforceable.
c. as its name indicates, is designed to prevent all varieties of fraudulent conduct in contracting.
d. if not complied with, renders some otherwise valid contracts unenforceable.
d
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The stage in the new product process that occurs first is the ________ stage
A) idea generation B) product development C) test marketing D) product soft launch E) concept testing
Dot has received a special order for 2,000 units of its product at a special price. The product normally sells for $200 and has the following manufacturing costs: Per unitDirect materials $60Direct labor 40Variable manufacturing overhead 30Fixed manufacturing overhead 50Unit cost $180 Assume that Dot has sufficient capacity to fill the order without harming normal production and sales. What minimum price should Dot charge to achieve a $50,000 incremental profit?
A. $180 B. $225 C. $155 D. $168
Bharrat Corporation purchased 49% of Ferris Corporation for $109,000 on January 1. On October 17 of the same year, Ferris Corporation declared total cash dividends of $21,000. At year-end, Ferris Corporation reported net income of $69,000. The balance in the Bharrat Corporation's Long-Term Investment-Ferris account at December 31 should be:
A. $109,000. B. $142,810. C. $132,520. D. $98,710. E. $85,480.
The advertising response function helps marketers:
A. create ads that will be noticed by consumers each time the ad runs B. use their advertising budgets wisely C. calculate the break-even points for each product being advertised D. determine the reach and frequency of specific media E. select an executional appeal appropriate to the product being advertised