The law considers all new, single-owner businesses to be sole proprietorships unless the owner affirmatively adopts some other form
Indicate whether the statement is true or false
T
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Richard dislikes any type of conflict and tends to walk away and leave the area whenever any type of conflict arises. He also tries to give the impression that he is indifferent to the issue at the center of the conflict. What conflict management style does Richard use?
A. avoiding B. compromising C. competitive D. collaborative
Identify the correct statement regarding consideration.
A. As a general rule, performing or agreeing to perform a preexisting duty is consideration. B. When new consideration is provided to support a modification, it is unenforceable. C. A promisor's promise not to commit a crime or a tort can never be consideration. D. A promise by public officials to perform their official duties is always a consideration.
One difference between the U.S. and EU approach to antitrust law is that
A. the EU avoids competition, whereas the U.S. seeks it. B. the U.S. focus is on impact on competition, whereas the EU focus is on the consumer. C. the U.S. follows the per se concept, wherein actions are illegal whether they have done harm. D. the EU forbids market dominance by cartels, no matter the conditions, whereas the U.S. does not.
How does marketing strategy vary according to the level of involvement associated with a product?
What will be an ideal response?