A Business Will Seek to Limit Its Liability by Explicitly

question 20

Multiple Choice

A business will seek to limit its liability by explicitly disowning any promise or warranty by:

• A)using the caveat venditor principle.
• B)issuing a disclaimer of liability.
• C)completely disclaiming the implied warranty of merchantability.
• D)denying responsibility for the behavior of its suppliers.

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Definitions:

Major Distinctions

Significant differences or distinguishing factors that set apart entities, concepts, or categories from one another.

Territory Management

Territory management involves the structuring and allocation of sales regions to sales representatives, optimizing coverage and sales effectiveness.

Setting Quotas

The process of establishing targets or benchmarks, often in sales, that individuals or teams are expected to achieve.

Seeking Referrals

The process of obtaining new business leads by asking existing customers or contacts to recommend the services or products of a company.