Because customers are not really concerned with timely delivery, customers are unlikely to differentiate between firms based on their order-to-payment cycles

Indicate whether the statement is true or false


FALSE

Business

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The concept of utmost care is applied on a case-by-case basis

Indicate whether the statement is true or false

Business

Long's Department Store contracted to buy 1,000 drop-waist velour dresses in heather gray from Durham. Subsequently, Durham called and asked to ship mink-colored dresses instead of heather gray. Long agreed, in writing, to the change. Which statement is correct?

a. The modification is not enforceable since there was no consideration for the change. b. The modification is not enforceable since the parties are merchants. c. The modification is enforceable. d. Whether the modification is enforceable depends on the gap-filler rule.

Business

What form of organization enables a multinational enterprise to retain control and authority over all phases of operation?

a. Direct export sales. b. Wholly owned subsidiaries. c. Joint ventures. d. None of these.

Business

What are the five stages in a procurement cycle?

What will be an ideal response?

Business