idem in a legal relation. An offer is a necessary element that must present for a legally binding contract to be in place. An offer and an invitation to treat are two different aspects. An invitation to treat is defined as an action inviting other parties to make an offer to form a contract‚ whereas an offer is an expression made by offeror to offeree communicating the offeror’s willingness to perform a promise. The distinction is important because accepting an offer creates a binding contract
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Market Structure o Perfect (pure) competition Price–taking firms each with no influence over the ruling market price (see diagram below) Free entry and exist of businesses in the long run – drives down profits towards a normal profit equilibrium level Each supplier produces homogeneous products – each a perfect substitute – hence the perfectly elastic demand curve for the individual supplier Key factor - interdependent nature of pricing decisions between rival firms Each firm must consider
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Economics April 16‚ 2012 n Price Controls: How efficient are price ceilings and price floors? If you think one is better than the other‚ make sure to bring up examples from our economy to validate your stand. Price ceilings and price floors are essential aspects of our economy. Price ceilings are government enacted laws preventing suppliers from establishing prices of key resources higher than a certain price‚ which is set by the government. Price floors are price minimums that can be charged
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Akamai Technologies: The Web’s Content Distributor What does Akamai need to geographically disperse its servers to deliver its customers’ Web content? Necesita dispersar los servidores para acercar los datos a las personas que se encuentran lejos de la fuente principal‚ es decir que hace copias del archivo original y lo guarda en servidores alrededor del mundo para que cuando alguien lo necesite‚ la transferencia sea mas rápida ya que se redireccionara la fuente del archivo al servidor mas cercano
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study‚ the limitation of the study and the scope of the study. 1.1 Background of the Study (Levy and Weitz 2009) defines that “retailer” is a business that sells products and/or services to consumers for their personal or family use. Retailers are the final business in a supply chain that links manufacture to consumers. According to Kotler and Armstrong (2006) a retailer is a business whose sales come primarily from retailing. Although most retailing is done in retail stores‚ in recent year’s non
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Initial Public Offer Initial public offer (IPO) as the name suggests refers to when a company goes public or issue shares of the company to the public in order to raise capital for the first time. After the IPO‚ the company gets listed and its shares are traded on stock exchange. Once it gets listed then the permission to trade these shares is granted by shareholders i.e. to whom the shares have been allotted in the IPO. There can be many reasons for bringing out an IPO. First‚ when the company
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1. Fairtrade makers are largely dependent on richer clients. The requirements of the fairtrade production take higher prices that are only affordable to the customers who are able and willing to pay more for a given product. That is against the fairness idea of the free trade policy‚ as it does not reduce social inequality. 2. The “Overproduction” argument is quite simple. Critics state that Fairtrade harms all non Fairtrade farmers. The reason being that Fairtrade farmers a given help and advice
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Tel# 721-89-09/721-91-09 Mobile: (917) 716-76-16 ics_manila@cdo.ph Ground Floor‚ Gilmore IT Center‚ Aurora Boulevard corner 1st Street‚ Quezon City‚ Telefax # (63)(2) 416-77-58 If other vendors will offer a lower price‚ please inform us and we will drop our prices further! As of April 1‚ 2013 - (Prices subject to change without prior notice) INTEL CORE i5/i7 Processor! NEW (socket 2011) INTEL SANDY BRIDGE! Intel i7-3820 (3.6ghz‚ 10MB) 12‚295 Asus P9X79 12‚995 Asus Sabertooth X79 15‚995 Asus Rampage
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English 1023---M02 28 October 2012 Gas Prices Today‚ gas price as a national average have risen to 2.1 dollars per gallon. This is the highest gas price increase since 1990‚ during operation desert storm. What is the cause of this drastic increase in gas prices? Limited supply of crude oil from the Middle East some say. Others think the cause is high trade tariffs on incoming foreign oil. But what is the solution to this problem? Is it drilling in our national wildlife reserves in Alaska? Dropping
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In this essay‚ I am going to analyse the rules of offer and acceptance and then come to a conclusion as to how satisfactory I think each of them are and why. In its general sense‚ an offer is an indication or proposal by one person or party (offeror) to another (offeree). It consists of one party promising to do or give something for the other party’s promise to do or give something in return. There must be willingness to contract on certain terms‚ made with the intention that it shall become
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