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Marketers Live in a World of Constant Change, and Their

question 121

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Marketers live in a world of constant change, and their ability to adapt to the pace of change will dictate the degree to which their marketing strategies are successful. Moreover, the changes can come in any or all of the different parts of the marketing environment.
Which one of the following statements is true?


Definitions:

Assignable

describes a right or property that can be transferred or made over to another party legally.

Partial Assignment

The transfer of a portion of the interest or rights in a contract, property, or other asset from one party to another.

Contractual Rights

Legal entitlements embedded within a contract that dictate what each party to the agreement may or may not do.

Consideration

The benefit, interest, or value that induces a party to enter into a contract.

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