A successful retailer usually realizes that it can alter demographic trends, change lifestyle patterns, and impose tastes on consumers
Indicate whether the statement is true or false
False
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Branch Managers from two competing firms get together for lunch and agree that they could save an advertising cost if one business closed on high-end properties in the area and the other business focus on more affordable housing. This is:
a. price-fixing. b. a tie-in Arrangement. c. Legal since it lowers costs and may benefit Consumers. d. Market allocation
Whistle Cabs, a taxi service company, has been ordered by the traffic department to update its taximeters to digital ones. Whistle Cabs decides to contract with Running Electricals, who provides digital taximeters
But to acquire it on such short notice, Whistle Cabs approaches Goldmint Bank. Goldmint Bank purchases the taximeters and delivers them to Whistle Cabs. The contract with Goldmint Bank allows the taxi service company to use the taximeters for a period of time by providing monthly rentals until that period is completed. What is the nature of the contract made between Goldmint, Whistle Cab, and Running Electricals? A) counteroffer B) lease C) sale of goods D) option contract