In an accord and satisfaction, the accord is

a. The old agreement
b. The substitute agreement
c. The performance of the action called for in the substitute agreement.
d. The liquidated portion of a debt.

Answer: b. The substitute agreement

Business

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If you find several target markets to whom you intend to market by using different marketing mixes you are practicing _________________.

a. Undifferentiated strategy b. Differentiated strategy c. Focused strategy d. Concentrated strategy

Business

___________ is the design and development of the work flow and connectivity of the operational requirements (processes) needed to ensure that an organization's products and services are efficiently produced and effectively delivered to the marketplace.

A. Process management B. Supply Chain management C. Product/Service management D. Efficient work flow E. Process development

Business