A party that is a merchant in one transaction is a merchant for all transactions in which he/she is
involved.
Indicate whether the statement is true or false
FALSE
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Which statement is NOT true about polar covalent bonds?
A. The larger atom in a polar bond attracts the electron more strongly than the smaller atom. B. Polar covalent bonds are important in the characteristics of water. C. Electrons are shared unequally in a polar covalent bond. D. The oxygen of a water molecule is electropositive relative to the hydrogen. E. When covalent bonds are nonpolar, the electrons are shared fairly equally between the atoms.
When consumers make purchase decisions based on particular benefits delivered by a product, they are relying on the product's
A) symbolic value. B) reputation value. C) tactical value. D) objective value. E) experiential value.
Which of the following statements is true about customer relationships in business markets?
A. A strong impersonal relationship with customers is critical in maintaining one's business. B. One-on-one personal communication is the most important tool in developing and maintaining customer relationships. C. Customers prefer direct communication mediums such as e-mail and direct mail for any correspondence. D. Customers demand not only an impersonal relationship with their vendors but also an efficient one. E. An impersonal relationship in B2B markets often connotes a greater emphasis on technology.
The general requirements for a liquidated damages clause to be enforceable are that:
A) The liquidated damages clause applies only to unforeseeable damages. B) Actual damages are difficult to determine and the liquidated damages amount is reasonable. C) The parties have rescinded the contract. D) The breaching party used its best efforts to avoid a breach of the contract. E) Actual damages exceed the amount foreseen by the parties.