Inexpensive Automobiles Do Not Have the Same Set of Qualities

question 37

Multiple Choice

Inexpensive automobiles do not have the same set of qualities as the expensive ones.Thus as a producer,it may be necessary to choose appropriate quality standards so the market judges them to be _____ for that _____ class.

• A)fitting;price
• B)lowest;price
• C)highest;price
• D)highest;service

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Definitions:

Limited Partners

Individuals in a partnership who invest money but are not involved in daily management, and whose liability is limited to the amount of their investment.

General Partners

General partners are individuals in a partnership who are responsible for the operations of the business and are personally liable for the partnership's debts and obligations.

Management

The process or practice of directing and controlling a group or organization towards achieving set goals or objectives.

Joint Venture

An association between two or more parties wherein the parties share profits and management responsibilities with respect to a specific project.