Under the Uniform Commercial Code,it Is Possible for a Nonmerchant

question 70

True/False

Under the Uniform Commercial Code,it is possible for a nonmerchant to be liable on a contract for the sale of goods of $500 or more without having signed any writing.

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Definitions:

Odd Pricing

A pricing strategy that sets prices at figures ending in odd numbers, like $4.99, under the belief that they seem lower to consumers.

Seven-Step Sales Process

A sequence of steps salespeople follow to sell a product, typically including preparation, approach, presentation, handling objections, closing, and follow-up.

Penetration Pricing

A pricing strategy that involves setting lower than normal prices for a new product or service to attract customers away from competitors.

Profitability Objectives

Common objectives included in the strategic plans of most companies.