A conditional sales contract is an example of a(n):
A. document of title.
B. investment property.
C. chattel paper.
D. negotiable instrument.
Answer: C
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The problem with setting a uniform global price for a product is that ________
A) it allows intermediaries in low-price countries to reship their products to high-price countries B) the company would earn the same profits everywhere, regardless of the cost structure C) this strategy can price the product out of the market in countries where costs are high D) this strategy makes the price too high in poor countries and not high enough in rich countries E) it is ineffective for products that are homogeneous
One way to increase market share is to lower prices, and the best way to lower prices is to _____.
A. reduce costs B. outsource jobs C. promote self-training D. update to latest technologies
When supermarkets and department stores drop the price on well-known brands to stimulate store traffic, they are said to be following ________ pricing
A) value B) loss-leader C) special event D) high-low E) everyday low
Small changes in consumer demand can lead to considerable shifts in business product demand and are referred to as the ________.
A. degree of affiliation B. transverse effect C. acceleration effect D. transactional effect E. multi-attribute model