Answer:
3) owes the company for towing her car under an implied contract
Explanation:
An implied contract is formed when both parties mutually agree to a contract without necessarily having a signed written contract. In this case, Carl called the towing company and requested the service, so she agreed to her car being towed and therefore must pay for the services.
Answer:
d. Cost cutting in one area of the value chain might increase costs in another.
Explanation:
Although cost leadership is an efficient way to dominate the competition,it does have potential pitfalls if not executed correctly. For example, if operating cost is decreased, the changed product feature may imply a higher marketing cost afterward. In order to be truly efficient, the cost leadership strategy has to be implemented in such a way, so it doesn't impact other value chain costs negatively (increasing them).
Answer: Risk taking
Explanation:
The risk taking function is one of the most important function in the marketing as it manage all the losses and also the failure potential in the marketing.
The risk taking function includes the product development, experience of the user or consumers, distribution and the promotion in the market.
According to the given question, a manufacturer organization is uncertain about the product that whether the consumers want the product or not so that is why the organization is experiencing the risk taking function in the market.
The following are some types of risk in terms of marketing that are:
- Product risk
- Operation risk
- Price risk
- Sales risk
Answer: Great Depression
Explanation:
The Great Depression was an economic depression that took place worldwide which was as a result of the crash in the stock market. The Great Depression brought about reduction in GDP of countries due to the fall in demand of goods and services.
John Maynard Keynes created the aggregate expenditures model based primarily on the Great Depression. This method is used to calculate the GDP for a country.
