Mini-Case Question. After extensive market research, Aster Inc decides to enter the household appliances market. The firm launches a line of consumer electronics products, such as ovens and coffee grinders
Aster Inc is most likely to be using which of the following strategies?
A) a vertical integration strategy
B) a harvest strategy
C) a monetize position strategy
D) a diversification strategy
E) a horizontal integration strategy
D
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When two parties are involved in a mutual mistake (misunderstanding) as to the meaning of a term of the contract, which of the following is usually applied by the court to settle the matter?
A) The court will find that there is no contract because there is no meeting of the minds. B) Non est factum C) Caveat emptor D) The reasonable person test E) The equitable remedy of rectification
The assets of a property and liability insurance company are primarily
A) investments such as stocks and bonds. B) loss reserves. C) plant and equipment. D) premiums paid by policyholders.