Duty of ________ - requires directors and officers to subordinate their personal interests to the welfare of the corporation. Cases dealing w/ the loyalty typically involve one or more of the following: competing w/ the corporation, taking personal advantage of a corporate opportunity, having an interest that conflicts w/ that of the corporation, insider training, authorizing a corporate transaction that is detrimental to minority shareholders, selling control over the corporation.

According to Michael Porter, access-based positioning occurs when a company ________

A) satisfies a broad set of needs of all the customers in a wide segment B) limits its product offering in order to minimize its prices C) uniquely or preferentially reaches a specific market D) focuses on the cost leadership generic strategy alone

Which of the following is a set price or price range in consumers' minds that they refer to in evaluating a product's price?

A) dynamic price B) internal reference price C) suggested retail price D) captive price E) value price