Kaygo Tires,Inc

question 60

Multiple Choice

Kaygo Tires,Inc.designs and manufactures tires for the trucking industry.Their products include tires for semi cabs as well as trailers of various sizes and weight limits.A sales representative for Kaygo is meeting with a trucking company that delivers primarily lumber and other supplies to home improvement and construction retailers.
-By creating a spreadsheet that will allow the buyer to enter current fuel costs and see recalculations of fuel costs that would occur from using Kaygo tires,the sales representative is creating:

• A)an airtight argument against other tire vendors
• B)a way to involve the buyer in the presentation
• C)a program that should be created by the IT department
• D)an experience so elementary that it will patronize the buyer
• E)an ROI statement the buyer can take as a guarantee

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in an open and competitive market environment.

Consideration

A fundamental component in contract law that involves something of value exchanged between parties, which is necessary for a contract to be legally binding.

Binding

Describes an agreement or legal decision that is enforceable by law, meaning parties are legally obligated to comply with the terms.

Consideration

The benefit which must be bargained for between the parties and is the essential reason for a party entering into a contract.