When You Buy a Used Car from a CarMax Dealership

question 84

Multiple Choice

When you buy a used car from a CarMax dealership, you are offered the car at a "no haggle" price. You can buy it or not, but there is no negotiating the published price because of the seller's

• A) customary pricing strategy.
• B) one-price policy.
• C) uniform pricing policy.
• D) dynamic pricing policy.
• E) dynamic pricing strategy.

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Definitions:

International Business

The exchange of goods, services, technology, capital, and/or knowledge across national borders and at a global or transnational life.

Chinese Firms

Businesses that are registered and operate out of China, under Chinese jurisdiction.

Negligent Misrepresentation

Providing false or misleading information carelessly, causing someone to suffer loss or damage.

Innocent Misrepresentation

A type of misrepresentation in legal contexts where the person making the misrepresentation genuinely believes it to be true, lacking intent to deceive.