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Technologies Limited, a small producer of closed-circuit, handheld radio communication devices marketed to contractors (walkie-talkies) , wants to expand. Using its knowledge of communication technologies, it developed a cellular-based phone system designed for contractors. Technologies Limited is employing a _____ product strategy.
Revised Article 3
Pertains to updates or changes made to Article 3 of the Uniform Commercial Code, primarily dealing with negotiable instruments.
UCC
The Uniform Commercial Code comprises an extensive set of rules that apply to all commercial dealings in the United States.
Negotiable
A term describing instruments or documents, such as checks or bills of lading, that are transferable from one person to another in good faith for value.
Contract Law
The area of law that governs the making, enforcement, and interpretation of agreements between parties.
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