The NAICS Will Allow Marketing Managers to Gather and Study

question 81

Multiple Choice

The NAICS will allow marketing managers to gather and study all of the following information EXCEPT:

• A)market share.
• B)demand for goods and services.
• C)competition in domestic markets.
• D)every industry in which a conglomerate engages in business.

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Definitions:

Statute Of Limitations

Refers to the maximum period one can wait before filing a lawsuit, varying by the type of legal claim.

Alteration Of Contract

The process of modifying the terms and conditions of a contract, which can be done by mutual agreement of the parties involved or under certain conditions specified by law.

Decree Of Bankruptcy

A formal declaration by a court that declares a person or organization as insolvent, unable to pay their debts.

Liquidated Damages

A predetermined amount of money stipulated in a contract that one party will pay to the other in case of a breach.