Albert Read ElectroCorp's Ad in the Local Newspaper Advertising a Music

question 36

Multiple Choice

Albert read ElectroCorp's ad in the local newspaper advertising a music system for $89. Albert rushed to the store to buy the system only to be told by the salesperson that the ad was a misprint and the price should have been $289. Albert gave the salesperson $89 plus sales tax and demanded the music system.

• A) The ad is a firm offer by the merchant, and the music system must be sold for $89.
• B) The ad is a contract and the store must abide by terms stated in the contract.
• C) The store must accept the price stated in the ad, but only if Albert has a copy of the ad with him.
• D) Albert is merely making an offer to ElectroCorp to buy the music system for $89 plus sales tax.

---

Definitions:

Technology Adoption Life Cycle

A framework within sociology that outlines how an innovation or new product gains acceptance, focusing on the psychological and demographic attributes of particular groups who adopt it.

Innovators

Individuals or entities that introduce new ideas, products, or methods, often driving changes and progress in various fields.

Early Adopters

Individuals or businesses who use or adopt new products, technologies, or innovations before the majority of others do.

Early Majority

The segment of consumers in the technology adoption lifecycle that adopts a new product just before the average person, usually after seeing evidence that it works from the "early adopters."