Following a Divestment Strategy,Proctor and Gamble Recently Sold Its Pringles

question 25

Multiple Choice

Following a divestment strategy,Proctor and Gamble recently sold its Pringles to Kellogg Co.because:

• A) it wanted to build a stronger global presence
• B) it wanted to focus on more profitable market segments
• C) research showed fewer people eat chips
• D) it wanted to pursue more research and development
• E) there are too many competitors in the snack market

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Definitions:

Exculpatory Clause

A contract provision that releases one party from liability for their wrongful acts to the other party.

Tort Liability

A legal responsibility arising from civil wrongs not based on contractual obligations, causing harm or loss to another person or entity, leading to potential compensation for damages.

Public Policy

Principles and standards considered by a government to be beneficial for the community and used as a guide for the development of laws.

Substantive Unconscionability

A legal principle in contract law that allows courts to refuse to enforce a contract or clause deemed grossly unfair or one-sided.