Some contracts must be in writing and signed to be enforceable. Contracts that are covered by the statute of frauds include:
a. contracts for the sale of personal property b. promises to pay the debt of another
c. contracts that must be performed within a year d. contracts for vehicles
e. none of the other choices
b
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A real estate commission is normally calculated as
a. selling price. b. listing price. c. seller's equity in the property. d. down payment or earnest money deposit paid by the buyer.
In response to price cuts from competitors, a cereal company with several more expensive and higher quality cereals introduced a lower-priced option to its product line
This is an example of which of the following responses to a competitor's price cut? A) raising the perceived value of a product B) improving product quality C) accepting a reduced market share D) launching a "fighter brand" E) using high-low pricing