Linear programming seeks to optimally allocate resources among competing activities and is likely the best known optimization model

Which of the following is true of a vertical marketing system?

A) It is formed when two or more companies at one level join together to follow a new marketing opportunity. B) It is formed when a single firm sets up two or more marketing channels to reach one or more customer segments. C) It does not give overall power to any one member in the channel. D) It has each channel member acting as a separate business unit trying to maximize its own profits. E) It has one channel member owning all the other channel members or has contracts with all other channel members.

Under the CISG, a contract is formed when ________

A) the acceptance is mailed or otherwise transmitted B) the acceptance letter is prepared by the buyer (offeree) C) the buyer (offeree) receives a counteroffer from the seller D) the seller (offeror) receives acceptance from the offeree