Businesses Using a Low-Cost Strategy Attempt to Be Efficient and Offer

question 24

True/False

Businesses using a low-cost strategy attempt to be efficient and offer a standard,no-frills product.

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Definitions:

Original Works of Authorship

Creations of the mind, such as writings, music, and art, that are given legal protection by copyright laws.

Breach Of Contract

The failure to fulfill the terms of a contract by one or more parties involved, leading to legal consequences.

Void Contract

A contract that is legally unenforceable from the moment it was created.

Promissory Estoppel

An equitable doctrine that protects those who foreseeably and reasonably rely on the promises of others by enforcing such promises when enforcement is necessary to avoid injustice, even though one or more of the elements normally required for an enforceable agreement is absent.