Jock Hires Kym to Act as His Agent to Purchase

question 1

Multiple Choice

Jock hires Kym to act as his agent to purchase Lifetime Gym & Fitness,Inc.Jock tells Kym to reveal that she is buying the firm on behalf of a third party and to tell Lifetime's seller who that third party is.Jock is

• A)a disclosed principal.
• B)an apparent principal.
• C)an undisclosed principal.
• D)a partially disclosed principal.

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Definitions:

Strategy and Programs

Refers to the planned set of actions and initiatives aimed at achieving specific organizational goals.

Competitive Strategy

A plan of action developed by a business to achieve competitive advantage and successfully compete in the market.

Patriotism

is the sense of love, devotion, and sense of attachment to a homeland and alliance with other citizens who share the same sentiment.

Appealing to Customers

The process of attracting potential buyers by identifying and fulfilling their needs, desires, and preferences with products or services.