Which of the Following Contracts Is Void

question 11

Multiple Choice

Which of the following contracts is void?

• A) A contract with an insane person for necessaries such as food and shelter.
• B) A contract to sell a crop of marijuana growing in a particular field.
• C) Any contract with a status Indian.
• D) A contract containing an exculpatory clause limiting the liability of one of the parties.
• E) A contract with an insane person for a T.V., where the insane person, or his legal representative, can prove that he was insane at the time of the contract but cannot prove anything else about the incident.

Grasp the concepts of total-market, niche-market, and multi-segment approaches to marketing and their implications.

Understand the critical first steps in developing a marketing strategy, including target market selection and SWOT analysis.

Recognize the conditions under which a total-market approach is suitable for product marketing.

Understand the psychological variables influencing buying behavior.

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Definitions:

Line Extension

The introduction of additional items in the same product category under the same brand name, often in different flavors, forms, colors, sizes, or types.

Brand Extension

The strategy of using an existing brand name to launch a new or modified product in a different product category or market segment.

Brand Dilution

The weakening of a brand's power or value due to overextension, overexposure, or poor management decisions.

Brand Extension

A marketing strategy where a company uses an existing brand name to introduce a new product or category to the market, leveraging the existing brand's equity.