Generally, neither a "time is of the essence" clause nor a "force majeure" clause will be recognized by the courts because these types of clauses are seen as a violation of public policy
a. True
b. False
Indicate whether the statement is true or false
False
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Most air freight is transported ______.
A. by intermodal transport B. in passenger planes C. in special freighters D. in Airbus aircraft
Marcia wanted a car she could drive for 10 years, so she bought a Toyota because they are known for their reliability and longevity. This BEST demonstrates the product leadership source of differentiation.
Answer the following statement true (T) or false (F)
Sally has been having a difficult time working with a particular buyer while using the personal selling process, and she has asked her manager, Chris, for some ideas about how to close the sale effectively. Chris asks her a number of questions to help sort out the difficulties. Which of the following questions would Chris be least likely to ask?
A. "Are there any reservations that have not been addressed to the buyer's satisfaction?" B. "What does the buyer's body language tell you about her readiness to buy?" C. "Should you go back to an earlier stage in the process and start the process over from there?" D. "Did you skip any steps in the process?" E. "Have you completed the follow-up to ease the buyer's mind?"
Three fast food hamburger restaurants are competing for the college lunch crowd. Burger Bills has 40% of the market while Hungry Heifer and Salty Sams each have 30% of the market
Burger Bills loses 10 % of its customers to Hungry Heifer and 10% to Salty Sams each month. Hungry Heifer loses 5% of its customers to Burger Bills and 10% to Salty Sams each month. Salty Sams loses 10% of its customers to Burger Bills while 20% go to Hungry Heifer. What will the market shares be for the three businesses next month?