Rinker Audio Products Has Wide Product Variety in Its Product

question 11

Multiple Choice

Rinker Audio Products has wide product variety in its product line.A firm with a wide product variety will find it

• A)difficult to achieve shorter product runs.
• B)difficult to increase its product sales.
• C)difficult to reduce its unit costs.
• D)easy to realize economies of scale.
• E)easy to reach optimum production efficiency.

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Definitions:

Commercial Impracticability

A legal doctrine under which a party may be released from a contract when events render performance commercially impracticable.

Revocation of Acceptance

The right to reject goods or services under a contract after initially accepting them, under specific circumstances.

Uniform Computer Information Transactions Act

A proposed set of laws aimed at harmonizing the legal treatment of transactions in computer information and digital products.

Perfect Tender Rules

Legal standards within the Uniform Commercial Code (UCC) that require sellers to deliver goods to buyers exactly as agreed in their contract.