Kotler and Armstrong Have Identified Five Levels of Relationships That

question 83

Multiple Choice

Kotler and Armstrong have identified five levels of relationships that can be formed between a company and its various stakeholders.Charlotte purchased a book on how to crochet from a Web site.After purchasing the book,she was pleased to receive regular e-mail from the site offering her other products that she might be interested in.The e-mail also told her about current trends in yarn and offered troubleshooting advice as well as free patterns.The relationship between Charlotte and the Web site is at what level?

• A)Reactive relationship
• B)Basic transactional relationship
• C)Accountable relationship
• D)Proactive relationship
• E)Partnership

Identify the conditions under which a contract can be ratified by a minor and the effects of such ratification.

Differentiate between voidable, void, and unenforceable contracts, especially in regard to minors and individuals lacking capacity.

Understand the legal distinctions and implications of contracts with incompetent persons.

Distinguish between necessary and non-necessary goods and services in contracts with minors.

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