A Sales Contract Must Be Evidenced by a Writing If

question 12

Multiple Choice

A sales contract must be evidenced by a writing if the sales price of goods is equal to or more than:

• A) $100.
• B) $300.
• C) $500.
• D) $1,000.

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Definitions:

Homogeneous Products

Refers to goods that are identical in quality and features, making them perfect substitutes for each other in the eyes of consumers.

Decision Variable

A variable that represents choices available to the decision-maker in problem-solving or optimization scenarios.

Barriers

Obstacles that prevent entry into a market or impede growth and can be economic, regulatory, technological, or cultural.

Product Differentiate

The process of distinguishing a product or service from others in the market to make it more attractive to a particular target market.