In negotiation situations, price is always the most important variable and should be discussed at greater length than any other variable

An adult buyer who is illiterate signs a contract to purchase property from a seller. The buyer understands the nature of the contract because the terms were explained orally. Is the contract binding?

A. Yes, because the buyer understands the terms of the contract B. Yes, because all adults are considered legally competent C. No, because the buyer is illiterate and, therefore, legally incompetent D. No, because a guardian must sign for the buyer

Generally, most products are in which traditional product life-cycle stage?

a. introduction b. maturity c. growth d. competition