Which of the Following Is Least Likely to Be a Core

question 54

Multiple Choice

Which of the following is least likely to be a core competency of a fast-food restaurant chain?

• A) Cost reduction leading to low-cost product
• B) Inventory control to ensure adequate product availability
• C) Flexibility to allow customers many customized product offerings
• D) Quick preparation of product

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Definitions:

Sales Contract

A legal agreement between a buyer and seller detailing the terms of sale for goods or services.

Statutory Law

The assortment of rules and regulations put forth by legislatures.

CISG

The United Nations Convention on Contracts for the International Sale of Goods, an international treaty that establishes a uniform framework for international commerce.

Statute of Frauds

a legal concept requiring certain types of contracts to be in writing and signed by the party to be charged, to prevent fraudulent claims and perjuries.