Gustafand Hilltop Country Club disagree as to the exact amount Hilltop owes Gustaf for his landscaping work. They form a new agreement that, on fulfillment, will discharge the prior obli¬gation. This is
a. a covenant not to sue.
b. an accord and satisfaction.
c. a release.
d. promissory estoppel.
B
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Indicate whether the statement is true or false
According to Truth in Lending Act (TILA), charges on a stolen credit card that exceed $50 would generally:
A. have to be paid by the cardholder. B. not have to be paid by the cardholder. C. have to be recovered from the person who stole the card. D. have to be recovered by the bank.
Process innovation:
A. is highly disruptive. B. cannot be patented. C. usually involves very small improvements in products D. improves the efficiency of an organizational process, especially manufacturing systems and operations.
In which strategy does a retailer adjust its self-space allocations to respond to customer and other differences among local markets?
a. micromerchandising b. concentrated marketing c. cross-merchandising d. niche marketing