Which of the Following Is the Advantage of Knowing the Magic

question 38

Multiple Choice

Which of the following is the advantage of knowing the magic number?

• A) It helps in evaluating if the proposed business can deliver the desired return.
• B) It helps in retaining customers.
• C) It seeks out customers who are already being serviced by another firm.
• D) It helps in making incremental product improvements.

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Definitions:

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise when the other party has reasonably relied on that promise to their detriment.

Consideration

Something of value promised to another when making a contract, which is required for the contract to be legally binding.

Contract Law

The body of law that regulates the making, enforcement, and interpretation of agreements between parties.

Consideration

Something of value, such as money, goods, or a promise, exchanged between parties in a contract.