Bailey Co and Spryt Bros. enter into a contract for the manufacture and sale of 400 lawn chairs. If both parties agree that a modification is necessary:
a. the surest way to modify the contract is to liquidate it.
b. they may not do so without court supervision.
c. an agreement to rescind the contract will terminate the contractual rights of Bailey Co. and Spryt Bros. if neither of them had completed their obligations.
d. courts will generally not enforce a cancellation and modification of a contract unless one party received inadequate consideration under the original contract.
c
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In situations when there are a large number of prospects for a product, a salesperson should most likely use:
A. his/her membership in sales lead club. B. cold canvas prospecting. C. endless chain prospecting. D. direct-mail prospecting. E. center of influence prospecting.
In the pre-purchase evaluation process, consumers take cues from external sources about ways to
A) find sales and other price promotions. B) log into corporate blogs. C) return products they are dissatisfied about. D) value or rank different alternatives. E) change their demographic group.
As production increases, what should happen to the fixed costs per unit?
A) Stay the same. B) Increase. C) Decrease. D) Either increase or decrease, depending on the variable costs.
A consequence of living without a daily plan is that one carries everything with them “just in case.”
a. True b. False