A firm that reprocesses a product or service it buys before selling the product again to the next buyer is referred to as a(n)
A. reseller firm.
B. retailer.
C. government agency.
D. industrial firm.
E. wholesaler.
Answer: D
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In ____________ control, participation is limited and formal.
Fill in the blank(s) with the appropriate word(s)
Sunk costs are omitted from decision analysis
a. always. b. never. c. sometimes. d. only if immaterial.
Which step of the innovation process can be described as recognition of a need for a solution and generated from existing information, experience, and knowledge.
a. Implementation and diffusion b. Idea generation c. Problem solving d. Brainstorming
The United States and Singapore have signed the Convention on Contracts for the International Sale of Goods (CISG). Notren, Inc, a U.S. company, and SWT, a Singapore company, have entered into a contract under which SWT is to ship party supplies to Notren. One of the terms of the contract states, "The validity and performance of this contract will be governed by the Uniform Commercial Code (UCC)
of the state of New York, not the Convention of the International Sale of Goods (CISG)." The contract will be governed by the: a. CISG. b. Uniform Commercial Code of New York. c. common law. d. World Trade Law.