MATCHING -Fit for Ordinary Purposes

question 7

Multiple Choice

MATCHING
-fit for ordinary purposes

• A)products liability
• B)negligence
• C)privity of contract
• D)MacPherson vs.Buick
• E)res ipsa loquitur
• F)comparative negligence
• G)chain of distribution
• H)strict liability
• I)express warranty
• J)opinion
• K)puffing
• L)reliance
• M)material
• N)merchant
• O)merchantable
• P)disclaimer
• Q)unconscionable

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Definitions:

Marketing Mix

Refers to the blend of strategies used by a business to achieve its objectives in the target market, including variations in product offerings, prices, distribution methods, and promotional activities.

Five Ps

The components of the marketing mix, including Product, Price, Promotion, Place, and People, used to strategically position and sell a product or service.

Balance Sheet

A financial statement that provides a snapshot of a company's financial condition at a specific point in time, detailing assets, liabilities, and shareholders' equity.

Marketing Mix

The combination of factors controlled by a company to influence consumers to purchase its products, traditionally identified as the 4Ps: Product, Price, Place, and Promotion.