Why must marketers be aware of new developments in technology?
What will be an ideal response?
Technology is the application of knowledge and tools to solve problems and perform tasks more efficiently. Marketers must be aware of new developments in technology because it helps them to operate more efficiently and to provide an exciting array of products for consumers.
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Crest Jewelers buys diamonds from Paramount Gems to resell with the right to return the unsold stones in lieu of payment. This is
A. a bailment. B. a consignment. C. a sale on approval. D. a sale or return.
Which of the following situations would not constitute a ratification of a contract by a minor?
a. Prior to reaching majority, a minor expressly agrees to be bound by the terms of the contract. b. After reaching majority, the minor fails to disaffirm the contract within a reasonable time. c. After reaching majority, the minor expresses in writing an intention to be bound by the terms of the contract. d. After reaching majority, the minor expresses orally an intention to be bound by the terms of the contract.
Name two challenges to criminal law enforcement created by technological advances, new science, and geographical boundaries
Lessening your exposure to an illness by getting periodic health checkups is an example of
A) avoiding risks. B) reducing risks. C) accepting risks. D) transferring risks.