MIND MAP 3. Formation of a contract A legally enforceable contract must have 3 elements: 1. Agreement 2. Intention to be legally bound 3. Deed or consideration State clearly: What is being bought/sold? Price payable? Was there an OFFER and ACCEPTANCE? NOTE: Offer + Acceptance = Agreement Judged objectively reasonable person test What sort of agreement is it? Domestic not binding Commercial binding NOTE: Presumptions are rebuttable. Is
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(AS CONSOLIDATED INDUSTRY) THREAT OF NEW ENTRANTS - LOW Entry barriers (i.e. huge capital investments in breweries) are high resulting in low threat of new entrants. THREAT OF SUBSTITUTE PRODUCTS - HIGH Other types of alcoholic beverages such as wine‚ spirit and liquor represent the substitutes of beer‚ though not perfectly substitutable. THREAT OF BUYERS’ GROWING BARGAINING POWER - LOW Wholesalers and agents are considered as buyers for Boon Rawd Brewery in which they have to follow the predetermined
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Steven Johnson’s The Ghost Map is a detailed description of the cholera epidemic in 1864‚ but the more interesting part of the book is how Dr. John Snow and Rev. Henry Whitehead’s different ideas merge to solve the mystery of the source of the illness. Although as Johnson makes clear in the early pages of his novel‚ it is not really a mystery when you consider the sanitation issues they were facing in mid-nineteenth century London. Johnson describes how two men from different fields with different
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preserving half drunk wine As a wine importer‚ educator and wine writer‚ I get asked time and again- “how long can I keep undrunk bottle of wine once it is opened?” and “what is best method for preserving half drunk wine?” Each and every time I have answered the questions to questionnaires‚ today I felt like writing about the ways of preserving half drunk wine that can remain fresh and drinkable for several days after opening the bottle. We often completely drink a bottle of wine once it is opened
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Balanced Scorecard and Strategy Map BI430-001 Data Visualization Balanced Scorecard: Part of a system that translates strategy into action. Also‚ gives a balanced view in four perspectives of how well an organization is driving execution and how successful the results are. The four perspectives in the balanced scorecard and strategy map give executives a more balanced view of their organization. Strategy Map: Represents how an organization
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Uncorking China’s Wine Market: Knowledge@Wharton (http://knowledge.wharton.upenn.edu/article.cfm?articleid=2898) Uncorking China’s Wine Market Published : January 03‚ 2012 in Knowledge@Wharton Although China’s bustling metropolises and staid Bordeaux may seem worlds apart‚ the two are becoming increasingly intertwined. Indeed‚ China recently overtook the traditional strongholds of Germany and the United Kingdom to become Bordeaux’s largest export destination. This transformation is particularly
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Competition in the Global Wine Industry: A U.S. Perspective Murray Silverman Professor of Management College of Business San Francisco State University 1600 Holloway Avenue San Francisco‚ CA 94132 Phone: 415-338-7489 Fax: 415-338-0501 Email: msilver@sfsu.edu Richard Castaldi Professor of Management College of Business San Francisco State University Phone: 415-338-2829 Fax: 415-338-0501 Email: castaldi@sfsu.edu Sally Baack Assistant Professor of Management
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consumption of red wine is a much more healthful drink compared to all other alcoholic beverages. This paper examines red wine and the daily consumption of red wine as a health related behavior. The paper proposes that the daily consumption of red wine is a health benefit for individuals in that it lowers the risk of heart disease‚ prevents the development of Alzheimer’s disease‚ and slows the aging process. There are some reservations regarding the daily consumption of red wine such as the risk
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Champaign. The experience of France as a quality wine producer going back to the middle ages can be regarded as a source of competitive advantage. Another source is the strong wine culture in France creating a positive image for customers. The wine industry by itself is a very important economic factor in France‚ in the mid 18th century the wine industry accounted for 17% of the overall industry. As a consequence‚ in 1855 the government classified wine yard into five different levels of quality. This
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The wine industry is very much global‚ and is traditionaly rooted in typical variety coming from distincts regions of the world : California Napa Valley‚ the French regions of Burgundy and Beaujolais‚ fine Italian wines. Wine is very much tied to the winery it comes from in both brand and regional recognition. The global supply chain for the wine industry can take on several forms depending on where the wine is produced‚ who grows the grapes‚ where the wine is sold‚ and how it gets there. Within
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