Which of the Following Statements Describes How a Nonprofit Organization

question 175

Multiple Choice

Which of the following statements describes how a nonprofit organization should design its product offering?

• A) The organization should try to create products it can inventory.
• B) The organization should remember that the product offering is not as crucial to organizational success as the other elements of the service mix.
• C) The product offering should be kept as simple as possible.
• D) The organization will need to satisfy the needs of the target market or it will fail.
• E) The product offering will have to be tangible.

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Definitions:

Consideration

The benefit which is bargained for between the parties and is the essential reason for a party entering into a contract.

Bargained-For Exchange

A fundamental principle in contract law where both parties must exchange something of value for a contract to be considered valid and enforceable.

Genuine Assent

The agreement to enter into a contract based on a clear understanding of its terms, without any duress, fraud, or undue influence.

Undue Influence

An improper or wrongful pressure exerted on a person, resulting in the person acting against their free will or in a manner not reflective of their intent.