What is the probability that a respondent chosen at random enjoys shopping for clothing?
P(enjoys shopping for clothing) = 720/1000 = 0.72
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Some customers inevitably become inactive or drop out. The challenge for marketers is to reactivate them through ________ strategies
A) win-back B) retention C) defection D) sell-out E) recuperation
Assume that a car owner contracts with a mechanic to have his engine overhauled
The mechanic mistakenly used original equipment quality piston rings in doing the overhaul, whereas the contract had called for the use of premium quality rings that are better than original equipment quality. Which of the following is true? A) This is a substantial performance, and the owner must still pay something to the mechanic. B) This is a substantial performance, and the owner owes nothing to the mechanic. C) This is a material breach, and the owner must still pay something to the mechanic. D) This is a material breach, and the owner owes nothing to the mechanic.
Financing statements are effective for how many years?
A) 10 B) 15 C) 1 D) 5
Which of the following is enforceable without consideration?
a. A new promise to pay a debt barred by the statute of limitations. b. An illusory promise. c. A promise to supply all of the materials a manufacturer will need for the production of a certain item for a specified period of time. d. In the majority of states, a promise by a father to pay someone for rendering emergency services to his injured son before the father had arrived at the accident scene.