Using Different Products from Different Vendors Is Referred to As

question 5

Multiple Choice

Using different products from different vendors is referred to as:

• A)compromising
• B)satisficing.
• C)best- of- breed strategy.
• D)benchmarking.

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Definitions:

Consideration

A concept in contract law that involves something of value promised to another when forming a contract.

Promise

A promise is a declaration or assurance that one will do a particular thing or that guarantees the happening or not happening of a specific event in the future.

Voidable Contract

A contract that may be voided or canceled by one of the parties.

Statute of Frauds

A legal doctrine that requires certain types of contracts to be in writing and signed by the party to be charged, to be enforceable.