For negligence cases, the Restatement has adopted the requirement of privity as set forth in the landmark opinion of Judge Cardozo in Ultramares Corp v. Touche
Indicate whether the statement is true or false
False
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An alternative under consideration involves incurring $50 in costs to generate $60 in revenue. The differential revenue for this alternative is $10.
Answer the following statement true (T) or false (F)
Which of the following is one of the three steps in the general approach for estimating market potential?
A) Determine the improvements needed in the existing product. B) Determine the marketing budget allocated to the product category being evaluated. C) Estimate the potential purchasing or usage rates. D) Determine the profitability of the product category being evaluated.
Which of the following is an example of an internal source of information?
A) advertisements B) past experiences with products C) recommendations of an opinion leader D) advice from an expert
Past performance is rarely a good indicator of future performance
Indicate whether the statement is true or false