A Business Can Justify Keeping a Product as Long as It

question 303

True/False

A business can justify keeping a product as long as it contributes to profits or enhances the effectiveness of a product mix.

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Definitions:

Five-Year Renewal

Typically refers to the option or requirement to renew a contract, license, or agreement for an additional five-year period.

Mechanical Engineer

A professional who applies principles of physics and materials science for the design, analysis, manufacturing, and maintenance of mechanical systems.

Valid Contract

A contract that results when the elements necessary for contract formation (agreement, consideration, contractual capacity, and legality) are present.

Unilateral Contract

A contract that results when an offer can be accepted only by the offeree’s performance.