The Term ________ Refers to a Mode of Acceptance That

question 56

Multiple Choice

The term ________ refers to a mode of acceptance that is indicated from what is customary in similar transactions, usage of trade, or prior dealings between the parties.

• A) express authorization
• B) implied authorization
• C) option contract
• D) unequivocal acceptance

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Definitions:

Mass Market

A large group of customers with very similar needs and problems.

Toilet Paper

A soft paper product designed for personal hygiene and cleaning after using the toilet.

Target Market

The specific group of consumers at which a product or service is aimed, defined by demographic, geographic, and psychographic characteristics.

Resonating-Focus Approach

A strategy that emphasizes aligning a company's products or services with the core values and needs of its target customers to create impactful, meaningful connections.