Compare an independent supply chain with a vertical marketing system.
What will be an ideal response?
An independent marketing channel has several independent members (such as manufacturers, wholesalers, and retailers), and each attempts to satisfy different objectives and maximize profits, often at the expense of the other members. A vertical marketing channel, by contrast, acts as a unified system. There are three types of vertical marketing systems: administered, contractual, and corporate.
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Indicate whether the statement is true or false
Which individual is in need of the least amount of care?
a. Candy, who lives in a skilled nursing care facility b. Andy, who lives in an intermediate care facility c. Randy, who lives in a hospital d. Sandy, who lives in an assisted living facility
Publicity is a subset of the public relations effort.
Answer the following statement true (T) or false (F)
McCann Construction purchased a poured concrete form from Advance Concrete Forms, Inc. McCann purchased the concrete form by placing a phone call to Advance in Madison, Wisconsin. Advance delivered the concrete form with an invoice stating the terms of the sale required payment within 30 days and a 1 1/2 % interest per month finance charge would be charged on accounts over 30 days. When McCann failed to pay the invoice on time, interest was charged according to this rate. Later, McCann refused to pay the accumulated interest charge, claiming there was not a meeting of the minds regarding the finance charge in any conversation prior to the sale. The trial court concluded that the finance charge was in fact an additional term added by Advance when it accepted McCann's purchase order.
Discuss Uniform Commercial Code Section 2-207 in general and with regard to this situation. Does McCann owe the interest accrued? What will be an ideal response?