Apple Has Made a Success from Anticipating What Consumers Would

question 88

Multiple Choice

Apple has made a success from anticipating what consumers would want in new technological advances, convenience, and ease of use. The introduction of the iPad was an example of a _____ for Apple, something that an organization does extremely well and may give a company an advantage over its competition.

• A) benchmark
• B) sustainable competitive advantage
• C) core competency
• D) strategic vision
• E) marketing opportunity

Recognize the characteristics of severable contracts and their interpretation under contract law.

Understand exculpatory clauses and their limitations within contractual agreements.

Explain the concept of substantive and procedural unconscionability and its relevance to contract fairness.

Discern the requirements for professional practice and the implications of operating without a license.

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Definitions:

European Union

A political and economic union of 27 European countries that are located primarily in Europe, aiming to ensure free movement of people, goods, services, and capital.

Additional Taxes

Taxes levied in addition to the basic tax rate on income, property, or goods.

Globalization Of Production

The process of firms expanding their operations by developing the international organization of their product supply chains.

National Differences

Variations in cultural, economic, legal, and political systems across countries that can affect how businesses operate internationally.