A Product Line Is Considered to Be Too Short If

question 97

Multiple Choice

A product line is considered to be too short if the manager can ________.

• A)increase profits by dropping items
• B)decrease costs by adding items
• C)increase market share by dropping items
• D)decrease costs by dropping items
• E)increase profits by adding items

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Definitions:

Apparent Agency

A legal doctrine allowing a principal to be held liable for the actions of an agent, based on the appearance of authority given to the agent by the principal.

Principal's Actions

Refers to the deeds or activities undertaken by the principal figure in a contractual or agency relationship, affecting the relationship's legal standing.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, aiming to standardize and provide a legal framework for businesses and individuals engaging in commerce.