An agent hired to buy gems for his principal can buy a diamond to give to his wife only if he asks his principal first; otherwise, he has breached his fiduciary duty
Indicate whether the statement is true or false
True
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In marketing, differentiation is a concept that means ________.
A. products need to appear to be different from one another to be successful in the marketplace B. communicating and delivering value in different ways to different customer groups C. evaluating different market segments and deciding which shows the most promise for development D. each age segment views products exactly the same E. consumer choices remain similar around the globe
If a retailer orders a quantity of merchandise to be delivered to his store in San Francisco and is quoted a price that does not include shipping charges, the retailer is paying a(n) ____ price.
A. F.O.B. destination B. F.O.B. origin C. transfer D. postage-stamp E. base-point
When a party to a contract fails to fulfill all of her promises, she has breached the contract. What will a court look at in responding to a breach of contract?
Which of the following would most likely be considered a consumer product?
A. printing press B. mainframe computer C. cotton fiber D. bricks E. suitcases