Probability Analysis. WD-50, Inc. has just completed development of a new spray lubricant. Preliminary market research indicates two feasible marketing strategies: developing general consumer acceptance through media advertising, or developing distributor acceptance through intensive personal selling by company representatives. The marketing manager has developed the following estimates for sales under each alternative:
Definitions:
Sale of Goods
The sale of goods is a commercial transaction where the ownership of tangible personal property is transferred from seller to buyer for a price.
Unilateral Contract
A contractual agreement in which one party makes a promise in return for an act by another party.
Offeror
The offeror is the party in a contract who presents the terms of the offer to another party for acceptance, potentially leading to an agreement.
Performance
In legal terms, performance refers to the act of completing the duties or fulfilling the obligations specified in a contract.
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