Which of the Following Is Not Considered as Increasing Value

question 18

Multiple Choice

Which of the following is not considered as increasing value to the customer?

• A)quality
• B)inventory
• C)time
• D)cost
• E)flexibility

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Definitions:

Implied-In-Law

Refers to obligations and rights that arise from certain acts or situations as recognized by courts, despite no explicit agreement or contract.

Void Contract

A contract that is legally unenforceable from the start due to illegality or inability to fulfill the terms.

Quasi-Contract

Not an actual contract but a legal construct imposed by courts to prevent unjust enrichment where no formal contract exists.

Unjustly Enriched

A legal term describing a situation where one party benefits at another's expense without a valid basis for the gain.