All of the Following Are Required for a Valid Offer,EXCEPT

question 4

Multiple Choice

All of the following are required for a valid offer,EXCEPT:

• A) definite and certain.
• B) communicated to the offeree.
• C) made with serious intent.
• D) stated in writing.

Understand the importance and characteristics of brand names and logos.

Grasp the concept of brand and product line extensions and their strategic implications.

Recognize the regulatory, health, and safety challenges associated with packaging and labeling.

Understand the difference between primary demand and selective demand in market strategy.

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Definitions:

Sales Price Variance

The difference between the actual selling price and the expected selling price of a product multiplied by the number of units sold.

Average Price

The mean cost of a commodity or service computed by dividing the total cost of all units purchased by the number of units.

Direct Materials Variances

The variance between the real expense of direct materials in production and their expected standard cost.

Standard Direct Materials Cost

Standard direct materials cost is the estimated or pre-determined cost of raw materials used in production, based on standard pricing.