The Name of a New Business Should

question 106

Multiple Choice

The name of a new business should

• A) be simple, memorable, and descriptive of the benefit provided by the product or service.
• B) be simple, memorable, and descriptive of the product or service.
• C) include the family name of the founder and be descriptive of the product or service.
• D) be simple and memorable, and include the name of the founder.

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Definitions:

Mitigate Damages

The legal principle requiring a party suffering loss to take reasonable action to minimize the amount of the loss.

Wrongful Dismissal

The termination of an employee's contract of employment in violation of the contract or statutory law.

Senior Management

The highest level of executives and managers in an organization who are responsible for its overall operations and strategy.

Implied Repudiation

A situation where one party's actions or statements indicate an intention not to fulfill contractual obligations, thus leading to a breach of contract.