Under the Uniform Commercial Code, a Contract That Fails to Specify

question 30

True/False

Under the Uniform Commercial Code, a contract that fails to specify price or a means of accurately ascertaining price will almost always fail.

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Definitions:

SWOT Analysis

A strategic planning technique used to identify and assess Strengths, Weaknesses, Opportunities, and Threats.

Blue Ocean Strategy

A marketing theory that suggests companies are better off searching for ways to gain "uncontested market space" than competing with similar companies.

Differentiation

Differentiating a product or service to enhance its appeal to a chosen market segment.

Lower Cost

The strategy or condition of achieving a reduction in expenses, leading to a competitive pricing advantage or higher profit margins.