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Scenario 12.2 Use the Following to Answer the Questions

question 58

Multiple Choice

Scenario 12.2
Use the following to answer the questions.
Jonathan Moore,president of Polar Manufacturing Company,has just reviewed the performance reports for the previous year and sees that there are some areas in which the company needs to improve.He specifically feels they could do a better job in managing Polar's product mix.Jonathan calls a meeting of all the managers responsible for each of the product lines that Polar currently manufactures.The group decides that they need to eliminate the complete industrial product line of ice chests,and plan to do so by letting the product decline without any changes in the marketing strategy or product.The group also decides to delete Polar's line of personal thermal underwear,however this product is to be discontinued within the week due to its unprofitability.While discussing these strategies,the group has also uncovered several customer groups for which new products could be developed.The managers decide to assemble a group of people from all functional areas of the company and give them the responsibility for all aspects of the new-product development.
-Refer to Scenario 12.2.The decision to delete the industrial product line of ice chests is an example of deleting a product through a(n) ____,while the decision to drop the thermal underwear line is an example of a(n) ____.

Definitions:

Proposal

An offer made by one party to another, intending to create a legal obligation upon acceptance.

Clickwrap

A legal agreement which a user accepts by clicking on an "I agree" or similar button during software installations or within online services.

Browse-wrap

A type of online agreement where acceptance is implied through the use of the website, without requiring an explicit agreement from the user.

Promissory Estoppel

A principle enforcing a party’s promise to prevent injustice, even if the promise was not formalized into a contract.