CHAPTER 21: WARRANTIES AND PRODUCT LIABILITY A warranty is an assurance by one party of the existence of a fact on which the other party can rely. WARRANTIES: Several types of warranties: (1) warranties of title‚ (2) express warranties‚ (3) implied warranties. 1. WARRANTIES OF TITLE: 3 types of title warranties- good title‚ no liens‚ and no infringements-can automatically arise in sales and lease contracts. Sellers warrant they have good and valid title; if buyer learns they don’t the buyer can
Premium Implied warranty Warranty Product liability
Socratix Case Study 2 The questions asked are: 1. What is your Strategy & action Plan for geographic expansion for Aaron’s within the U.S? 2. A) Should Aaron expand internationally? b) if Aaron was to go for international expansion‚ what are the key things they must keep in mind or do? 3. Could rent-to-own work for goods beyond basic durable household items? Should Aaron offer additional products and service offerings/ 4. In terms of growth‚ Loudermilk (CEO) viewed managerial talent as Aaron’s
Premium Retailing Business Marketing
Steps in the case preparation To prepare an effective case analysis‚ according to the authors of the book –M. Hitt‚ R. Duane Ireland and R. E. Hoskisson‚ we have to use two stages of thinking: • In analysis stage we will analyze the general external environmental issues affecting the firm; • In synthesize stage we will generate alternatives that can resolve the significant problems or challenges; To follow these two stages effectively we have to follow the six steps of case analysis process:
Premium Logic Management Thought
1.Nicknamed the "City within a City‚" this development in downtown Detroit ws the brainchild of Henry Ford II. It was designed to revitalize downtown and bring new economic growth to Detroit. It became one of the largest privately funded real estate projects in history. A) Northland Mall B) Joe Louis Arena/Cobo Center C) Renaissance Center D) Greektown 2.What candidate received his party’s nomination for president in 1980 when the Republican National Convention was held in downtown Detroit? A) Ronald
Premium Michigan Great Lakes
compromise of the already decided 60% level of thetotal funds. This recommendation I based on the following findings and reasons: 1. At 60% leverage the firm earns an IRR of 26% which gives it measurable gains when compared to the cost of equity of 21%. Hence giving a definite 5% benefits over equity investment. 2. At 60% leverage the DSCR for the initial years is around 2.06X and thereby increasing givingit enough margins to easily get an investment grade rating. 3. Also‚ at 60% leverage the
Premium Finance Debt Leverage
Case Study Analysis BUS 600 Management Communications with Technology Tools Ashford University January 9‚ 2012 Case Study Analysis The case study I chose to evaluate was Oak Brook Medical Systems‚ Inc. The manager‚ Jackie‚ is known as a “no nonsense” kind of manager who is credited with large increases in business accounts resulting in a $40 million dollar addition to the corporate bottom line. She is a valuable corporate asset
Premium Case study
capacity as well as what they actually manufacture. Integrated firms can produce 107 million tons of steel through reduction of iron ore‚ and minimills have a capacity of 21 million tons‚ and these businesses utilize a scrap melting process. Specialty mills have a capacity of 5 million tons‚ and for the purpose of this analysis‚ the focus will remain between the first two types of firms. Integrated firms dominated the industry until the 1960s. This segment was dominated by powerhouse companies
Premium Steel Competition Capacity utilization
Situation Analysis Company: SK Comms Product line Internet Cyworld Social networking Biggest player Value proposition: providing users with a free and clean community with limited advertising and an almost exclusive focus on social networking Life cycle: mature phase of growth NateOn Instant messaging Biggest player Linked to Cyworld Home2 Social media Media platform Video: 50M; +50K/day News: Pictures: +5M/day Cyworld revenue segmentation (2006) Paid items: $67M (72%) Virtual
Premium Revenue Social network service Cyworld
CASE ANALYSIS McDonald’s‚ Inc. COMPANY NAME: McDonald’s‚ Inc. INDUSTRY: Food Service COMPANY WEBSITE: www.mcdonalds.com COMPANY BACKGROUND: As a company‚ McDonald’s was first introduced in Des Plaines‚ Illinois in 1955. This was the very first McDonald’s restaurant‚ which all started in San Bernardino‚ California in 1954 when Ray Kroc approached the McDonald brothers with a business proposition to start a new company. In 1965 McDonald’s went public and was later‚ in 1985 added to the Dow
Premium Management Organization Strategic management
Cima Mountaineering‚ Inc. A Case Study Prepared by Arpine Manukyan Melkon Bakhshetsyan Narek Nersisyan Levon Baghdasaryan Instructor Dr. Armen Tashchian American University of Armenia Table of content Executive summary The current marketing and financial situation at Cima Mountaineering originally known as Hoback‚ manufactures classic‚ fashion insensitive boots for mountaineers and enthusiastic
Premium Hiking equipment Marketing Footwear