With Regard to the United Nations Convention on Contracts for the International

question 1

Multiple Choice

With regard to the United Nations Convention on Contracts for the International Sale of Goods (CISG) and the Uniform Commercial Code (UCC) , which of the following statements is correct?

• A) Unlike the UCC, the CISG does not require that an offer be directed to a specific person or persons.
• B) Unlike the CISG, the UCC does not require that an offer be stated with sufficient definiteness.
• C) Unlike the UCC, the CISG does not consider an offer sufficiently definite if it lacks price terms.
• D) Unlike the CISG, the UCC does not require that an offer indicate that the person making the offer intends to be bound by the agreement.

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Definitions:

Primary Segment

The main target group of consumers that a business focuses its marketing and sales efforts on.

Target Sector

A specific segment of the market that a company aims to serve or sell its products and services to.

International Segmentation

The process of dividing a brand's market into distinct groups of consumers by geographical regions or countries, based on shared needs or preferences, for more targeted marketing.

Unique Segmentation

The process of dividing a market into distinct and specific groups of consumers who share unique characteristics or needs.