Andy Acer was a mature student at Ranier College. He sold his textbooks
to Jane Deller for $500, but in addition, Jane agreed to tutor Andy in his math course. Andy delivered the books to Jane who paid him $500.
Jane tutored Andy for half of the math course when he died in the middle of the semester. Andy's daughter, Katie Acer, who was also enrolled at Ranier, signed up for the math course the semester following her father's death. She demanded that Jane tutor her in the course. Which of the following statements applies?
A) Jane must tutor Katie in math
B) Jane must return the $500 to Katie
C) there is no privity of contract between Katie and Jane therefore Katie is not entitled to the benefit of Jane's tutoring;
D) Katie is entitled to damages equivalent to the cost of one semester of tutoring
E) Both B and D
C
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Which of the following is true about an offensive strategic market plan?
A) It is inappropriate for a market with high market attractiveness and low competitive advantage. B) It is used for entering a new market with no established share position. C) It is appropriate if a business wants to improve profits by optimizing its market focus with minimal investment. D) It is used to protect the current position of a business. E) It is used in markets with market attractiveness below 20 where the business has low competitive advantage.
________ reveal an inefficient use of assets that restricts profitability
A) Sales-force analyses B) Concentration ratios C) Financial ratios D) Competitive analyses