________ Is the Actual or Implied Receipt and Retention of That

question 77

Multiple Choice

________ is the actual or implied receipt and retention of that which is tendered or offered.

• A)Consideration
• B)Capacity
• C)Acceptance
• D)Quasi-contract

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Definitions:

Value Chain

A series of activities that a company performs to create value for its customers, from product design to post-sale service.

Location Economies

The cost advantages gained by a business due to its geographical position, often influencing its competitiveness.

Meganational Strategy

A business strategy that emphasizes operating and competing in multiple countries as one global market.

Avoids Adaptation

a strategy where a business does not significantly alter its product or services to accommodate different cultural or market requirements in its expansion or operations.