A contract is considered to be supported by legal value if the promisee receives a legal benefit

Indicate whether the statement is true or false

FALSE

Business

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A trade incentive involves the retailer performing a function in order to receive an allowance

Indicate whether the statement is true or false

Business

DealIt! is an online retailer of electronic goods. After HP announced that it was spinning off its

hardware division and consequently selling its tablet devices at throwaway prices, a huge demand for these devices arose. DealIt! was one of the few retailers to still hold stock of the tablet devices. DealIt! decided to sell the HP tablet devices at prices 25% more than those offered by the official HP online store. Customers lapped up the goods as they still presented a bargain for them. Which of the following pricing objectives did DealIt! pursue in the above case? A) market skimming pricing objective B) survival pricing objective C) profit maximization pricing objective D) market share maximization pricing objective

Business