Alice Says to Brian, "If I Decide to Buy a Word

question 37

Multiple Choice

Alice says to Brian, "If I decide to buy a word processor next year, I will buy it from you." This is an example of:

• A)an illusory promise.
• B)past consideration.
• C)the pre-existing duty rule.
• D)good consideration.

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Definitions:

Validating

The process of verifying or proving the accuracy, truth, or effectiveness of something.

Business Model

The conceptual structure supporting the viability of a business, including its purpose, target market, and the process of how it operates to generate revenue.

Business Model

A company's plan for making a profit; it identifies the products or services the business plans to sell, its targeted market, and any expected expenses.

New Businesses

Refers to start-up companies and ventures that have recently entered the market, focusing on developing their product or service.