Service Firms Often Find Themselves in a Three-Cornered Fight Between

question 40

Multiple Choice

Service firms often find themselves in a three-cornered fight between:

• A)engineering,production,and accounting.
• B)marketing,finance,and human resources.
• C)operations,accounting,and marketing.
• D)human resources,marketing,and operations.
• E)production,finance,and accounting.

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Definitions:

Bilateral Contract

A type of contract that involves two parties where each party makes a promise to the other.

Consideration

Something of value (such as an object, money, service, or promise) that is given by a party to induce another to enter into a contract.

Requirements Contract

A type of contract in which one party agrees to purchase all of its needs for a particular good or service from the other party.

Enforceable

Capable of being imposed or upheld by legal process, indicating that an agreement or law can be compelled to be obeyed or carried out.