A Major Advantages of the Use of Precedent in Law

question 65

Multiple Choice

A major advantages of the use of precedent in law for businesses is that they will:

• A) be able to get judges to resolve cases in favor of large businesses
• B) be able to avoid harsh punishments from the use of ineffective attorneys
• C) be unable to plan for future contingencies
• D) be unable to enforce contracts
• E) have reasonable expectations about the enforcement of agreements

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Definitions:

Need-Satisfying Benefits

Need-satisfying benefits are aspects of a product or service that fulfill explicit or implicit needs of the consumer, contributing to its perceived value.

Distribution Outlets

Points of sale or channels through which products are made available to customers.

Need-Satisfying Benefits

The advantages or positive outcomes that a product or service provides to fulfill the specific needs of a customer.

Information Overload

The state of being overwhelmed by the vast amount of information available, making it difficult to make decisions or focus effectively.