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Match Each Item with the Correct Statement Below

question 192

Multiple Choice

Match each item with the correct statement below.
-Most firms now emphasize _____,a technique used by firms for building a mutually beneficial partnership with a customer through regular contacts over an extended period.


Definitions:

Contract

An enforceable pact by law that involves two or more individuals or groups.

Legal Capacity

The capability recognized by law for a person to act in a particular role or enter into a contract, often related to age and mental soundness.

Express Authority

The power granted to an agent or representative explicitly stated by the principal in a written or oral form.

Actual Authority

The express and implied powers given by a principal to an agent for carrying out specific transactions.

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