Rebecca Is Starting a New Consulting Business for a Small,local

question 49

Multiple Choice

Rebecca is starting a new consulting business for a small,local target market.She has determined the amount for the four methods: percentage of sales $2,000;how much to spare $1,000;competition spending $5,000;and specific results $3,000.How much should she spend?

• A)$1,000 because it is the least amount.
• B)$3,000 because it is within the range and also for specific results.
• C)$5,000 because it is the largest amount.
• D)$10,000 because it twice the total of the competition.

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Definitions:

Cover

A legal remedy in contract law where the aggrieved party purchases goods or services, similar to those agreed upon, from a different source due to the original party's failure to comply.

Incidental Damages

Expenses or losses that occur as a direct result of a breach of contract, distinct from direct damages.

Consequential Damages

A type of damages that arise not directly from a wrongful act but from the results of the act, which may not have been foreseeable.

Market Price

The current price at which an asset or service can be bought or sold in the open market.