According to the Code,identification Takes Place

question 12

Multiple Choice

According to the Code,identification takes place:

• A) upon the making of a contract if it is for future goods.
• B) when the seller ships,marks,or otherwise designates the goods as those to which the contract refers if the contract is for goods that are already existing and identified.
• C) when the crops are planted or start growing if the contract is for crops to be grown within twelve months.
• D) when the young animals are born if the contract is for offspring of animals to be born within twelve months.

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Definitions:

Protectionism

Protectionism is an economic policy of restraining trade between states through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations.

Exploitation

The act of making use of resources or advantages for one's own benefit, often without regard for ethics or fairness.

Skimming Strategy

A pricing strategy in which a company charges the highest initial price that customers will pay and then gradually lowers the price to attract more price-sensitive customers.

Product Life Cycle

A concept that describes the stages a product goes through from development to withdrawal from the market, including introduction, growth, maturity, and decline.