Kellogg's Different Types of Cereals, Each Targeted at a Different

question 145

Multiple Choice

Kellogg's different types of cereals, each targeted at a different type of user, are an example of multiple products aimed at multiple markets.Manufacturing these different cereals is clearly more expensive than producing one but seems worthwhile if it adds to the manufacturer's sales revenues and profits, serves customers' needs better, and

• A)conforms to all FDA guidelines.
• B)creates economy of scale.
• C)decreases the cost of the physical plant.
• D)stabilizes the sales revenues and profits.
• E)doesn't reduce quality or increase price.

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Definitions:

Non-Material Term

A clause in a contract that, if breached, does not substantially affect the contract's overall purpose and outcome.

Uniform Commercial Code

An exhaustive compilation of statutes that control all business dealings across the United States.

Specific Performance

A legal remedy in contract law requiring a party to perform their obligations as agreed, rather than paying damages.

Remedy at Law

Legal means to enforce a right or compensate for a violation, including monetary damages or specific performance.