CellTones, a New Company Selling Several Types of Cellular Phones

question 129

Multiple Choice

CellTones, a new company selling several types of cellular phones, has closely modeled its products after successful products that are already in the marketplace. As it prepares to enter the market with its new products and services, which of the following should concern CellTones the most?

• A) legal obligations to suppliers and dealers
• B) patent laws
• C) distribution requirements
• D) product liability suits
• E) limited warranties

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Definitions:

B2B

Business-to-Business, a type of commercial transaction between businesses, such as one involving a manufacturer and wholesaler or a wholesaler and retailer.

C2C

Consumer-to-consumer, a business model whereby consumers trade with each other, typically through an online platform.

B2C

Business-to-Consumer (B2C) refers to the process of selling products and services directly from businesses to the end-users or consumers.

C2B

Refers to Consumer-to-Business, a model where individuals sell products or services to businesses.