Railroads were once operated based on the thinking that users wanted trains offering the most in quality, performance, and innovative features. The railroad managing companies overlooked the fact that there could be other modes of transportation. This reflects the ________ concept.
A) product
B) production
C) selling
D) marketing
E) societal marketing
Ans: A) product
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Powerful parties may decide to withhold the use of that power, knowing that if they use it, the low-power party will be
A. more satisfied. B. more involved in creating the outcome. C. less committed. D. free of oversight and monitoring.
Organization expenses of a corporation often include legal fees and promoter fees.
Answer the following statement true (T) or false (F)
Roberts issued a negotiable instrument to Blackmar based on a promise by Blackmar to provide Roberts with a complete gym set to be installed in the basement of his (Roberts) house. Roberts had been looking at this set in a catalog provided by Blackmar for several months, thinking that Blackmar was the salesperson for the company whose name appeared in the catalog. Blackmar, however, had no affiliation with the company. Roberts issued a promissory note to Blackmar thinking that he was paying for the gym set. Blackmar instead indorsed the note and passed it on to Upson for the money he owed to Upson. When Upson presented this note to Roberts for payment, Roberts refused to pay claiming fraud.
Is Roberts liable to Upson or can he (Roberts) refuse to make good on the promissory note?
In the traditional approach to managing contracted relationships, ________ project contracting is normal.
Fill in the blank(s) with the appropriate word(s).