Learning Objectives • What is a contract? What are the four basic elements necessary to the formation of a valid‚ contract? • What are the various types of contracts? • What are the requirements of an offer? • How can an offer be accepted? • What are the elements of consideration? CHAPTER 7 Contracts: Nature‚ Classification‚ Agreement and Consideration © 2005 West Legal Studies in Business A Division of Thomson Learning © 2005 West Legal Studies in Business A Division of Thomson
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Questions for Lesson 1 Define marketing and the two goals of marketing. As a company president‚ explain why each of the two goals of marketing is important to your company. Give examples. Marketing deals mainly with customers although it can have many definitions. This simplest definition is: Marketing is managing profitable customer relationship. (Kotler & Armstrong‚ 2008). Marketing has two main goals of attracting new customers and keeping current customers. In my company the goals of attracting
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Advantages/Disadvantages‚ Modes of Transport. Air Freight. Air freighting is commonly used by companies who work with short lead times‚ or advanced service ... Advantages and Disadvantages of Different Modes of Transport www.scribd.com/.../Advantages-and-Disadvantages-of-Different-Modes-... 6 Jun 2011 - Advantages and Disadvantages of Different Modes of Transport ... Advantages: high throughput‚ and the freight‚ regardless of climatic ... [PDF] National and international freight transport models: overview and .
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a specific good or service. Businesses of all sizes engage are some form of this marketing essential as part of their efforts to secure and maintain customers. 4.3.1 DEFINE MARKET TARGETING Target Marketing – the process of evaluating each market segment’s attractiveness and selecting one or more segments to enter. After evaluating different segments‚ the company must now decide which and how many segments it will target. A target market consists of a set of buyers who share
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class people to upgrade their taste and preferences from two wheelers to four wheelers. The used car market of India will grow at a compound annual growth rate(CAGR) of 16 percent during the year 2013-17‚highlited the RNCOS report titled ‘Booming Used Car Market in India Outlook 2017’. Advertisement is one of the best ways of promotion to improve sells for any product. In automobile industry there are different kinds of vehicles for different target customers. To increase the sales of vehicles
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(accessed October 1‚ 2010). United Nations. n.d. http://www.un.org/en/ (accessed October1‚ 2010). United Nations Global Compact. 2010. http://www.unglobalcompact.org/index.htm (accessed September 1‚ 2010). US Chemical Safety Board. 2009. Statement from CSB Chairman John Bresland on Bayer CropScience Announcement Concerning Methyl Isocyanate. http://www.csb.gov/newsroom/detail.aspx?nid=278 (accessed September 3‚ 2010).
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8 Nonlinear Optimization Models MULTIPLE CHOICE 1. Which of the following is incorrect? a. A global optimum is a local optimum in a nonlinear optimization problem. b. A local maximum is a global maximum in a concave nonlinear optimization problem. c. A global minimum is a local minimum in a convex nonlinear optimization problem. d. A local optimum is a global optimum in a nonlinear optimization problem. ANSWER: d TOPIC: Local and global optima 2. The measure of risk most
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analysis. | E. | economic analysis. | The four components of a global market assessment are economic analysis‚ sociocultural analysis‚ infrastructure/technology analysis‚ and analysis of government actions. | | 2. (p. 120) | Resellers differ from producers in that resellers significantly alter the form of goods they sell. FALSEResellers do not significantly alter the form of the goods they sell. Wholesalers and distributors are two types of resellers. | 3. Answer is “innovators”. See
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alternative to smoking by providing our customers with the best e-cigarettes on the market. We may be a little over the top sometimes‚ but that’s only because we’re passionate about our products. We take pride in helping people make the transition from regular “analog” cigarettes to a more enjoyable‚ odorless alternative. Objectives: Expand e-cig product line by 200% by June of 2014 Expand e-liquid flavor line to over 150 flavors by June of 2014 SWOT Analysis: Strength-
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Commercial Law Some Revision Questions from Past Exam Papers Question X Ltd imported television sets from Taiwan where they were manufactured by the Taiwan Toy Company. The Taiwan Toy Company has an excellent worldwide reputation for producing high quality‚ very safe products. One of the television sets developed an electrical fault when being shipped to Australia. The fault could only have been detected if every television set was individually tested by X Ltd. X Ltd sold the television as
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