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The Need for Quality Products and Services Is So High

question 49

True/False

The need for quality products and services is so high that quality alone can assure a firm that it will achieve strategic competitiveness and earn above-average returns.


Definitions:

Oral Contract

An agreement made through spoken words and not written, which can be legally binding.

Guaranty

A legal commitment by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults.

Enforceable

A legal term referring to a contract or agreement that can be upheld and compelled by law.

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