Volten Inc

question 53

Multiple Choice

Volten Inc. is an apparel store. It has separate sections for casual wear, office wear, and party wear. It also has goods of varying prices to suit people of various income levels. In this way, it caters to different sections of the society. Volten Inc. demonstrates positioning by _____.

• A)product class
• B)application
• C)competitor
• D)product user

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Definitions:

Gift Causa Mortis

A gift that is made in contemplation of one’s immediate death.

Contemplation

The action of looking thoughtfully at something for a long time or thinking about something deeply.

Probate

The judicial process in which a will is proven in a court of law to be valid or invalid, and the legal process of administering the estate of a deceased person.

Bailment Contract

An agreement where personal property is transferred from the bailor to the bailee for a specific purpose, with the expectation of return.