In Determining Whether an Offeree Accepted an Offer and Created

question 5

Multiple Choice

In determining whether an offeree accepted an offer and created a contract,a court will look for evidence of three factors.  Which of the following is not one of those factors?

• A)Whether the offeree intended to enter the contract
• B)Whether the offeree understood the terms of the offer
• C)Whether the offeree accepted on the terms proposed by the offeror
• D)Whether the offeree communicated his acceptance to the offeror

Understand the implementation phase of the strategic marketing process, including action item lists and the use of metrics for monitoring.

Grasp the concept of long-range planning within marketing, including the creation of long-range marketing plans and their strategic importance.

Recognize the evaluation phase's role in the strategic marketing process and the types of information required for effective analysis and corrective actions.

Understand generic business strategies and their application to gain competitive advantage in any industry or product area.

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Definitions:

Life Insurance

A contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.

Insurance Application

A formal request or proposal to an insurance company for coverage, detailing personal or organizational information relevant for underwriting.

Risk Management

The process of identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events.

Insurance Company

An entity that provides financial compensation to individuals or entities against losses from specified risks in exchange for premiums.