1. What are the four elements of a valid contract? A contract is an "agreement between parties‚ with terms and conditions that describe the agreement that constitutes a legal obligation" (All Business). A valid contract requires four elements and these are: a. Mutual agreement there must be a meeting of the minds between parties. There should be an offer and an acceptance. There should be an agreement to enter into the contract b. Consideration - meaning that "every party is conferring a
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Chapter 2 Linear Programming: Basic Concepts Solution to Solved Problems 2.S1 Back Savers Production Problem Back Savers is a company that produces backpacks primarily for students. They are considering offering some combination of two different models—the Collegiate and the Mini. Both are made out of the same rip-resistant nylon fabric. Back Savers has a long-term contract with a supplier of the nylon and receives a 5000 square-foot shipment of the material each week. Each Collegiate requires
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Biodiesel: Technology & Business Opportunities – An Insight S Biswas‚ N Kaushik & G Srikanth Technology Information‚ Forecasting and Assessment Council (TIFAC) Department of Science & Technology‚ New Delhi – 110 016 Tel: +91-11 -2686 3816‚ Fax: 2696 1158‚ e-mail : biswas@nic.in The concept of bio fuel dates back to 1885 when Dr. Rudolf Diesel built the first diesel engine with the full intention of running it on vegetative source. In 1912 he observed‚ " … the use of vegetable oils for engine fuels
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Introduction In this essay‚ I will be focusing and discussing on major challenges faced an international business due to differences in culture at the country or region the business is or was operating. For this essay‚ I have identified Best Buy Co Inc as one international business and a case study that had faced major challenges in their operations in the United Kingdom. Due to the major cultural challenges faced by Best Buy Co Inc‚ they had since ceased their operations in the United Kingdom and
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bureaucratic hurdles which the MNCs had to overcome‚ gradually reduced making it easier to do business. Corruption is another big hurdle when doing business in India. Areas like electricity supply‚ judiciary (particularly lower courts)‚ Police‚ land administration are counted in the most corrupt category. Since all these are essential in building up a business‚ corruption proves to be a major hurdle for starting business in India. Inadequate Infrastructure It has long been felt that roads and communication
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Nepal is a landlocked country with a challenging market structure. Due to the unstable political situation‚ its geographical topography and poor infrastructure are hindering the development of the business in Nepal. Strike and Bandha are also disrupting the movement‚ although the situation has improved over the past year. Nepal‚ a country with a population of 29 million and per capita income of $564. Agriculture and remittance is a large contributor to the national economy. Most of the businesses
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MKG 502M Business Organization and Management Individual Report Ⅱ Organization change and stress management By LIU‚DI Group 3 Mr. Artemio Gesmundo Jr. Sept.2‚ 2012 I. SYNTHESIS Right Management(A leading global communications provider)‚ was facing declining employee engagement and retention of key talent. The business was going through constant changes as it adapted its offerings to the changing economy and‚ as a result
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MANAGER’S CHALLENGE AND OPPORTUNITIES IN THE CURRENT ECONOMIC CLIMATE VARUN ADITYA MURALINATHAN 4071817 In the current economic climate‚ most of the countries are facing recession for the past few years. Apart from the effective
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SYS702 PROBLEM SOLVING FORMALISMS FOR INFORMATION TECHNOLOGY LECTURE 1: UNDERSTANDING IT WITHIN THE CONTEXT OF SYSTEMS Systems Science Perspective IT and Problem Solving Socio-technical Systems SYS702 Jan-Apr2011 Prepare by Nor Laila Md Noor 2 LEARNING OUTCOMES • Upon completion of this topic‚ students will be able to: • Demonstrate a good understanding of the systems science perspective in contrast with the computer science perspective. • Demonstrate a good understanding
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Introduction: The term Quality management in business determines the quality of products or goods that produced in any business organization for the customers and that is why it is vital for any kind of business or service organization. Quality management emphasis on the ways those are used in improving and controlling quality. Quality control management intended to identify and prevent products those contains faults from reaching customers. Since the foundation of Toyota‚ it has been successfully
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