If a Buyer Accepts Defective Goods and Wants to Hold

question 21

Multiple Choice

If a buyer accepts defective goods and wants to hold the seller liable, the buyer must give the seller notice of the defect:

• A) only in writing.
• B) within a reasonable time after detecting the defect.
• C) within the same financial year of the purchase.
• D) when the contract is made.

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Definitions:

Diversification

A strategy of investing in a variety of assets to reduce exposure to any single investment's risk.

Strategic Marketing Process

A systematic approach to planning, executing, and managing marketing efforts to achieve business objectives.

Marketing Mix

A model used to review and manage a business’s marketing strategies, traditionally made up of the four Ps: product, price, place, and promotion.

Marketing Plans

Detailed strategies outlining the advertising, targeting, and selling efforts for a product or service, designed to achieve specific financial and market share goals.