Cisco Developed a Carburetor for Automobiles,which He Called the "CiscoCarb

question 16

True/False

Cisco developed a carburetor for automobiles,which he called the "CiscoCarb." He advertised the carburetor in a national automobile magazine in a full page advertisement under a caption that read: "Proven Performance-80 kilometres to a litre of gas in any car." The advertisement offered the carburetor for $100 on a 30-day,money back guarantee.For the Crown to successfully obtain a conviction against Cisco under the Act,it must prove that the goods do not perform as claimed,and that Cisco was responsible for the misleading advertisement.

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Definitions:

Margin

The difference between the selling price of a product and its cost, expressed as a percentage of the selling price.

Turnover

The rate at which inventory or assets of a business are replaced during a given period, often used as a measure of sales or operational efficiency.

Return on Investment

A financial metric used to calculate the profitability of an investment, measuring the gain or loss generated on an investment relative to the amount of money invested.

Investment Opportunity

A chance to use money with the expectation of achieving a return greater than the initial outlay.