A Computer Retailer Shrink-Wraps Microsoft Office 2013 to His Private

question 41

Multiple Choice

A computer retailer shrink-wraps Microsoft Office 2013 to his private label Intel v9 Windows 8 ultrabook and sells the ultrabook and software for $2,500.00. This pricing scenario might best be described as:

• A)price lining.
• B)customary pricing.
• C)bundle pricing.
• D)loss-leader pricing.

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Definitions:

Agent

A person authorized to act on behalf of another, known as the principal, in business transactions or legal matters.

Principal

The main party to a transaction or contract who has authorized another party (agent) to act on their behalf.

Duty Of Obedience

The requirement for directors, officers, and agents of a corporation to act within the scope of their authority and in the best interest of the corporation.

Unauthorized Contract

A contract made by a person who lacks the authority to do so, potentially making it unenforceable against the presumed principal.