is legally binding and all parties to a contract are required to perform their respective obligations under the contract‚ failing which legal action can be taken. A failure or refusal to perform one’s obligations under the contract will be called a "breach" of the contract. Contract breaches have wide ranging consequences both legal and practical to the parties to the contract. This article will address the various effects that contract breaches will have on businesses. Some of them are set out
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Differences Between Online Retail & Traditional Retail Businesses Learning eCommerce Often times‚ it is easy to overlook the differences between selling online through a shopping cart and retail selling through a brick and mortar storefront. Online retail is different from selling through a store in many ways and you should become familiar with the differences so you can better understand the many benefits of selling online compared to selling through a physical storefront. The obvious differences
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The Hiring Process and the Laws that govern it Jeremy Pesek National American University Abstract Human resource departments spend many hours trying to recruit and hire quality employees. This is done by following the laws set forth in the hiring process. This research will benefit an organization to better understand the laws and find quality employees. Making sure they follow these laws and methods they will be able to make the best selection for the ‘fit’ of the company. This will apply
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New developments and Impact on businesses This task is focused around talking about the new developments in technology‚ what they are‚ how they have impacted businesses and where they could lead. I have broken the technologies into three different sub-categories: • Hardware • Software • Communications Hardware Solid State Drives Solid state drives are a bit of an oddity in modern technology. They have existed for several years in their current form (Early 1970’s)‚ yet have only within
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Popular Marketing Techniques For Small Businesses Before your business starts marketing a product‚ it helps to create an ideal customer who you want to reach with your promotional materials. Once you have your ideal customer‚ you have a plethora of techniques to pick from. Most of these are low cost/no cost methods (sometimes called guerrilla marketing) and you may use different ones at different stages of your business cycle‚ or you may utilize them all at once from your business’ inception.
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BANKING OPERATION AND REGULATION CASE STUDY/SENARIO On 23rd November 2012 a customer of your bank Grace Eyang‚ called in to say that her Husband Mr Daniel Eyang had just been admitted to the mental hospital for treatment. Enquiries were made and this information was confirm to be correct. On that day‚ the Balance of Grace Eyang account was ¢10000 in credit and that of Mr Eyang account was ¢8500. Also Grace Eyang and Mr Eyang had
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Impact of European Union policies on UK businesses Case scenario – if the UK is pulling out from the EU club Legislation - A vast majority of UK law is derived from the EU‚ estimated at 80% of law currently in force in the UK. As such‚ withdrawal from the EU will have a huge effect on legislation applied in the UK. - The Treaties (the TEU and the TFEU) would cease to apply‚ including as part of those‚ the fundamental freedoms (free movement of goods‚ services‚ capital and persons/workers)
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policy.” A few of America’s largest big businesses are Scott Paper‚ IBM‚ Caterpillar‚ Van Heusen‚ and Staley; all of which chose to downsize to create profit. The goal of big business is to create growth and profit through efficiency. Big businesses survive through layoffs and downsizing of the “excess fat” from employees when necessary. They outsource jobs to other countries to increase profit and sales and allowing the company growth. Big businesses have the right to layoff middle class
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| | | |Employee completes travel requisition form. Signed copy is e-mailed to travel co-ordinator | | | | | |
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1. Why do businesses prefer arbitration.6 Usually cheaper than litigation: resolving a case through arbitration is usually far less costly than proceeding through litigation because the process is quicker and generally less complicated than a court proceeding. Faster than litigation: according to a recent study by FMCS‚ the average time from filing to decision was about 475 days in an arbitrated case while a simila case took from 18 months to 3 years to wend is way through the courts. Flexibility:
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