Mary and Remaldi Co have dealt with each other for many years. Mary's Boutique orders 100 assorted lipsticks at $2.00 each from Remaldi Co Remaldi sends back a confirmation letter with an additional, nonmaterial term. There is:
a. no contract, but a counteroffer.
b. a contract with the additional term unless Mary objects.
c. a contract with the additional term only if Mary agrees.
d. a contract without the additional term.
b
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Ben Weprin is founder and CEO of Graduate Hotel, a growing chain of boutique hotels situated near college campuses and designed to cater to the nostalgia and local boosterism that are part of the culture of university towns. (Room keys are imprinted with the names of famous alumni, and public spaces are decorated with historical photos of campus life, vintage art and other collegiate artifacts.) Mr. Weprin and his company are trying to create a brand that will find year-round business by catering to more than just alumni coming back for once-a-year football weekends or 10-year anniversaries of their graduating classes. What is the major question that Mr. Weprin and his team need to ask about his company's strategy?
A. What must managers do, and do well, to make a company a winner in the marketplace? B. What do suppliers do, and how to get supplies at the lowest cost to build a profitable business? C. What do customers do, how to profile customers who buy a company's product, and tailor sales strategy around them? D. What can shareholders do, and do well, to ensure a profitable company? E. What can employees do, and do well, to ensure customer satisfaction?
The use of radio frequency identification (RFID) ______.
a. has increased the accuracy and efficiency of managing inventory b. is most appropriate for companies that handle inventory in small quantities c. is not as efficient as the periodic review system d. is a response to the costs of cycle counting
What is the usual state of affairs in managerial decision making?
A. automatic solutions B. lack of structure C. routine situations D. low risk E. clear-cut procedures
Time lines cannot be constructed for annuities unless all the payments occur at the end of the periods.
Answer the following statement true (T) or false (F)