If a Contract Is Negotiated and Formed Through the Internet

question 19

Multiple Choice

If a contract is negotiated and formed through the Internet an offer is probably accepted when:

• A)the buyer's email enters the seller's information system.
• B)the buyer negotiates directly with the seller.
• C)the seller places an advertisement on its website.
• D)the seller confirms by e- mail that an order can be filled.

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Definitions:

Alpha Testing

An attempt by the firm to determine whether a product will perform according to its design and whether it satisfies the need for which it was intended; occurs in the firm’s research and development (R&D) department.

Product Life Cycle

The course of a product’s sales and profits over its lifetime, involving several stages such as introduction, growth, maturity, and decline.

Maturity Stage

A phase in the product life cycle where growth stabilizes, and sales peak, often leading to increased competition and market saturation.

Product Life Cycle Concept

A framework that outlines the stages a product goes through from introduction to decline, including introduction, growth, maturity, and decline.