Examlex
In a short essay,describe and compare the four types of customers classified by their potential profitability to an organisation.Identify how an organisation should manage each type of customer.
Wrongful Rejection
The unjustified refusal of a buyer to accept goods or services as stipulated in a contract.
Good Faith
The genuine intention to act without taking an unfair advantage over another party in a transaction.
Honest In Fact
A standard requiring parties in certain transactions to act with genuine intent without deceit or fraud.
Commercial Standards
Agreed-upon practices or criteria within a business sector regarding the quality and conduct of commercial activities.
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