The Owner of a Laundromat Notices That the Laundromat Across

question 45

Multiple Choice

The owner of a laundromat notices that the laundromat across the street is offering free pick-up and delivery of laundry from Monday to Friday,9-5.He has observed that many of his customers who drop their laundry off to be washed-dried-folded by his employees seem frazzled and overburdened both when they drop off in the morning and when they pick it up after work.
-The other laundromat that offers free pick-up and delivery Monday through Friday is an example of:

• A)a product based on a company's resources,not customers' needs
• B)a product based on an old-fashioned method of cleaning laundry
• C)a product developed after trial and error
• D)a customer-facing sales staff
• E)a customer loyalty program

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Definitions:

Obligor

The party in a contractual agreement who is bound or obligated to perform a duty or payment to the obligee.

Assignee

A person or entity to whom rights or interests have been transferred by another, usually under the terms of a contract.

Voluntary

An action undertaken by an individual's free will without coercion or external pressure.

Consideration

In contract law, consideration refers to something of value exchanged between parties as part of an agreement, serving as the necessary element for a valid contract.