Business Is Fundamentally About

question 9

Multiple Choice

Business is fundamentally about:

• A)Making customers satisfied and happy
• B)Creating value
• C)Satisfying all stakeholders
• D)Respecting laws and regulations

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Definitions:

Common Law of Contracts

The body of law that governs contract formation, interpretation, and enforcement, primarily derived from court rulings and precedents rather than statutes.

Tender of Goods

The offer by a seller to deliver goods to a buyer that matches the terms of the contract, including quality, quantity, and method of delivery.

Revested

The return of rights, property, or authority previously transferred or relinquished, back to the original holder.

Mixed Contract

A contract that involves a combination of goods and services, where aspects of both sale of goods law and contract for services law apply.