Both Parties to the Original Contract Must Agree to an Assignment

question 14

True/False

Both parties to the original contract must agree to an assignment for it to be enforceable.

---

Definitions:

Prestige Pricing

A pricing strategy where goods are priced high to present a perceived value of exclusivity and luxury.

Talbots Label

Talbots Label is a brand focusing on classic women's clothing, shoes, and accessories, known for offering timeless pieces with a modern twist.

Penetration Pricing

Setting a low initial price on a new product to appeal immediately to the mass market.

Price-sensitive Market

A market characterized by consumers who are highly responsive to changes in the price of goods and services.