A Sales Representative at Oxtren,Inc

question 42

Multiple Choice

A sales representative at Oxtren,Inc.orally told the purchasing agent at Wety,Inc.that its industrial saw will cut through metal up to 5 inches thick.Wety purchased the saw.Which statement is correct concerning the claim that the saw can cut through metal up to five inches thick?

• A) The claim is an express warranty.
• B) The claim is an implied warranty of merchantability.
• C) The claim is not a warranty because it is not in writing.
• D) The claim is not a warranty because it is sales puffery.

Acknowledge the presence of subcultures within organizations and their impact.

Understand the relationship between national culture and organizational culture.

Understand the importance and effectiveness of different communication methods and media in various contexts.

Identify the advantages and disadvantages of oral and written communication.

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Definitions:

Equilibrium

A state where supply equals demand, allowing the market for a good or service to stabilize at a certain price and quantity.

Price Elasticity of Demand

A measure that calculates the responsiveness, or elasticity, of the quantity demanded of a good to a change in its price.

Price Ceiling

A government-imposed limit on the price charged for a product, intended to prevent prices from rising too high.

Market Clearing Price

The price at which supply equals demand in a market, leading to no unsold surplus or shortages.