When setting long-term sales prices for products, the sales price must cover all costs, including fixed costs.
Answer the following statement true (T) or false (F)
True
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Adam contracts to sell Ben 100 widgets for $100, for use in Ben's factory. Adam does not know that Ben's factory is closed as it is waiting for the supply of widgets from Adam. Which of the following statements is true of the damages caused due to late delivery?
A. Adam will not be liable for consequential damages. B. Adam will be liable for consequential damages. C. Adam will be liable for nominal damages. D. Adam will be liable for compensatory damages.
The step that follows preapproach in the personal selling process is ________
A) sales presentation B) close the sale C) overcome objections D) prospecting E) approach
Sam Utley drives to a local convenience store to purchase milk. The store that sells milk to Utley most likely engages in ________ selling.
A. benefit B. transaction C. transformational D. relationship E. partnership
In a carrier case, what is most important in determining when risk of loss passes from the seller
to the buyer? A) The seller's insurance policy terms B) The buyer's insurance policy terms C) When title passes D) The contract's shipping terms E) The price of the goods