In Terms of New Product Development, Identify an Advantage That

question 61

Multiple Choice

In terms of new product development, identify an advantage that some Japanese firms appear to possess.

• A) Their managers understand the fact that market share will not lead to customer loyalty, which in turn will not lead to profits.
• B) The emphasis on short-term profits by their managers.
• C) Their management is free from the pressure of steady improvement in earnings per share.
• D) The knowledge that profitability in the long run is not supported by the stock market.

Understand the role and application of promissory estoppel in contract law.

Recognize the application and exceptions to the doctrine of consideration, including past consideration and moral obligation.

Analyze contract modifications and the requirement of additional consideration for enforceability.

Identifying enforceable promises without consideration under specific statutory exceptions.