Essays on Seller

Introduction

Money is a means of payment for services and goods. Money can also be defined as anything that allows us to purchase goods and services (Stanford 2008, 189). Money serves number of functions like measure of value, means of exchange and store of value. These functions often contradict each other and these contradictions may lead to economic crisis.

Function of money

Money: In ancient times, barter system was used for payment of services and commodities. It was difficult to put exchange value on commodities or services rendered. Trading in barter system was highly inefficient, as seller had to find a buyer who ...

Restrictive covenants are agreements that ensure that buyers take certain actions or abstain from certain actions. They are common in real estate transactions. They are legally binding obligations that clearly stipulated in the title deed by the seller’s property. They are usually complex and simple. Land developers apply them when subdividing property in residential developments. They involve restrictions on the nature of constructions in the areas so that it conforms to an overall plan of the area. For instance, they may restrict construction to residential single-family house or one storey houses. Another common restriction is setting a minimum ...

This paper was prepared for ENS 215 Research & Writing

taught by Professor The growing conversation over global outsourcing of jobs has been a source of fury and heated debate in the national conversation, particularly in the past 15 years with rise of globalization. In 2004, then chair of the Council of Economic Advisors, Gregory Mankiw made a public statement endorsing outsourcing as a likely plus for the economy, and characterizing in neutral terms (as quoted in Kierkegaard (2004): "Does it matter from an economic standpoint whether values of items produced abroad come on planes and ships or over fiber-optic cables? Well, no, the economics is basically the ...

ACME Car Rental

Facts ACME Car Rental purchased a total of 1,000 Volkswagen model cars at a total purchase price of $17,000,000 from the Volkswagen Company. It then sold some of the cars to individual consumers and other smaller rental fleet companies. However, unknown to the purchaser, Volkswagen Company, the vendor, had fitted the cars with an ‘emissions defeat device’ which is software that was meant to cheat on the rate of emissions of the cars. This was in a bid to conform to the relevant laws and regulations in place. Though these vehicles were able to pass the ...

Background

Earnings Management Earnings management could be defined as activities that involve legal and reasonable management the ultimate aim of which is to achieve financial results that are not only predictable but also very much stable. We wouldn’t be wrong if we said that earnings management is the complete opposite of management which involves illegal activities and financial representations which do not reflect the true and accurate economic state of the company. These types of activities are also very commonly phrased as ‘cooking the books’. Earnings management could ultimately turn into a problem with the money making goals set ...

Chapter 2 Marketing Strategy Planning

Marketing strategic planning is an administrative process of creating and maintaining a strategic fit between the efforts of the company, its potential and chances in the field of marketing. Strategic planning provides the basis for all management decisions, functions of the organization, motivation and control focused on the development of strategic plans. Strategic planning has three distinctive features: • External orientation. Strategic planning examines trends in the broader external environment, while seeking new opportunities and potential risks. • Internal orientation. Marketing strategic planning is based on the resources available to the company (finance, raw materials, human resources), finding in them the ...

The value a buyer gives for the same product, may differ based on the company that produces these products. This is the basic justification why companies are not viewed equally. The value of a product is not only accessed in terms of money, but also in terms of time, energy and psychic cost, spent in acquiring the product. In the past, price for a commodity was decided by negotiation between the buyer and seller. However, with internet marketing, improvement in transparency, large scale retailing, mass manufacturing; companies are adopting the strategy of using fixed prices for their commodities. Each ...

Abstract

The purpose of this paper is to provide a reasonable explanation on the right of the injured party in a commercial contract to file for damages on the breach of contract. The applicable Incoterm contract was also discussed based on the non-delivery of goods as stated in the contract. The article discussed the rights available to the buyer or the seller for the failure on the part of one of the parties to the commercial contract to fulfill their obligations that were previously agreed upon. The valid grounds that will allow the parties to recover for damages were also ...

Introduction

In the United Kingdom, ten years ago the television was the major medium of entertainment. Now, in the era of technology laptops, PCs, mobiles, and tablets have become the dominant players of entertainment. The access of youngsters to the different devices has increased dramatically in the UK (Ellis and GreenBank, 2015) (See Appendix). These changing patterns created huge challenges for media and creative agencies. In the flow of the media, the boundaries between numerous media channel became blurred. It became more important for media agencies to determine that how these Medias individually operate with the aim of producing the ...

RE: The sale and termination between Barbara Buyer and Sam Salesperson had ethical flaws. The scenario was dishonest of Salesperson for entering into contract and then terminating the contract. The salesperson had signed a representative agreement with Barbara the buyer. Barbara asked for a two day extension on the earnest deposit and salesperson verbally agreed acknowledged he would send the two day extension contract to her. He never did send the contract for the two day extension he agreed upon, but had sent her a termination notice because she did not pay the earnest payment. The reason he sent ...

Discuss How E-commerce Has Transformed SMEs and the Way They Do Business

Introduction Laudon and Traver (2013) highlight that for several years, the global economy entered a period of globalization, and this entry brings with it a lot of characteristic changes in the life of mankind. Currently, it is approved by the understanding that the Internet is another business environment that has its own specifics, and very multifaceted, but is subject to general business laws. On the Internet, it is possible to look for partners or customers, create solutions to support business, automate operations with partners and dealers, and create and develop retail online stores. According to Chaffey (2011), e-commerce, the ...

Meeting Customers’ Expectations

Typically, a consumer satisfying his/her need chooses what he/she needs from a wide range of products and services specifically designed for this purpose. He/she makes choices, relying on a sense of the benefits and of the value, which in his/her opinion the goods have. Thus, when choosing, a buyer focuses on customer value of the goods (Kotler and Armstrong, 2012). The level of customer satisfaction depends on how the characteristics and properties of the goods correspond to his/her idea of ​​customer value. Thus, if the dignity of goods below expectations, the consumer will remain unsatisfied. If the product lives ...

Part 1

Three issues may arise for the parties involved in this scenario that fall within the Rugby World Cup ticket terms and conditions. Bob will not have any issues regarding the purchase of the tickets as Bob purchased the tickets legally. Sadiq will not have any issues as he is attending the match with Bob and this is permitted under the terms and conditions. The relevant condition states:

If more than one Ticket is issued to a Ticket Purchaser, the Ticket Purchaser must

retain one Ticket for his/her personal use. Any remaining Tickets may only be used

the Ticket) who accompany the Ticket Purchaser to the Match However, the tickets may not, according to terms ...

Introduction:

Unethical behavior in organization has become a common and important practice in order to enhance the revenue and achieve the targets and sale employees are more involved in this unethical practice as compare to other employees. In order to be competitive, it is essential to maintain good relation with customers and for this reasons banks have to follow the ethical behavior. Objective of this study is to enhance the understanding of business ethics through utilizing the theories. In order to gain the objective, paper has been divided into 4 major sections. In section one, the personally evident problem has ...

Revenue management involves doing something to the consumers rather than doing something for them. A number of industries have implemented the concept of revenue management in order to maximize their sales and revenues. It assists in increasing their level of competitive advantage. Any organization should have their primary goal as establishing a mutual value of a relationship between them and their customers. Consumers ordinarily perceive a certain price increase given as ‘fair’ in the event that it is a reaction due to an increased seller costs. They perceive the price increase as ‘unfair’ in the event that it is ...

Abstract

Market competition is crucial for an efficient economy in terms of resources allocation and production. In that respect, there are situations in which authorities have sought to intervene and try to stop anti competition practices. A good example was the application that was filed by the commissioner in January 2011 with the Competition Tribunal challenging a completed acquisition of Complete Environmental Inc by CCS Corporation`s currently known as Tervita. However, the SCC’s majority decision found out that, while the Tribunal and Federal Court of appeal where right in claiming that mergers would usually hinder competition, they wrongly ...

P and I Rule Book. According to the American P and I Club Rule Book, there is a clause about claims that are payable at the discretion of the Directors. Section 20 of the Rule book, titled “Ominbus” clause outlines that there may be circumstances where the Directors may choose to pay on claims that they collectively decide should be paid.

If the liability is not excluded elsewhere in any of the previous nineteen clauses, then the Directors can choose to pay a claim. This seems to be a fair way for the organization to establish that there may be unusual ...

What was your typical approach to negotiations before taking this class? Use your accumulated experience and insights to analyze your former approach.

Having successfully completed the class, I regard myself as a poor negotiator before I learnt what I now know. I used to talk a lot and listen less. I did not understand that negotiation depends mostly on the power relationship between both parties. I used to have poor communication skills. I used to talk too fast for the comprehension of the person with whom I was negotiating. Little did I know that talking too fast did not auger ...

Introduction

In the article “seven sigma selling” by Neil Mahoney, the author outlines seven suggestions derived from practical experience that can assist sellers in maximizing their time. This is with an intention of helping sellers to efficiently use their selling time. This paper therefore gives a summary of these tips as suggested by Mahoney.

The first step in maximizing a seller’s time according to the author is laying priorities in the seller’s prospects. Since every market has a variety of prospects, it is important according to the author for the salesperson to concentrate on the most important ones only. Once ...

1. Assume that you need a single room at an independent (non-branded) hotel such as the Roger Smith Hotel in New York for the first Friday and Saturday night of next month. You will be staying in New York to attend the wedding of a friend. Price the two-night room rates (including all taxes and fees) for your stay by searching the following travel seller’s Web sites: i. www.orbitz.com ii. www.expedia.com iii. www.rogersmith.com iv. www.priceline.com Which site offered the lowest rate for the two nights? Which offered the highest? Calculate the percentage difference between the lowest and highest price ...

1. The basic idea of Snappy Auctions is to provide for customers an online platform for the sale of any goods from eBay. Snappy Auctions acts only as an intermediary in the contract of sale between the seller and buyer on eBay. Payment of goods and shipment takes place without the participation of the buyer as it is to take place on eBay. For the use of the platform customers pay a fee, usually made up of the percentage of the sale price. Since the profit of Snappy Auctions is directly dependent on the volume of sales, committed to this ...

Introduction: In the words of Mankiw (2011), “Producer surplus is the amount a seller is paid minus the cost of the production. Producer surplus measures the benefit sellers receive from participating in a market” (p. 141). Contrary the consumer surplus which closely associates with the demand curve, producer surplus significantly depends upon the supply curve. Both consumer surplus and producer surplus serve as vital yardsticks of measuring the market efficiency which in turn defines the benefit of the buyers and sellers participating in the market. The following graph depicts the producer surplus.

Having understood the concept of producer surplus, an ...

A contract is one of the critical agreement that people and organizations go through on daily basis. It is worth noting that organizations and people go into a contract based on various reasons. There are critical components that must be considered when making some agreements. In analyzing the case study one, it is crucial to put into consideration various elements that must be considered for an agreement to be a contract. Some of the elements include acceptance, offer, consideration, as well as the intention of legal consequences. In case study one, there is no contract. These are based on the fact ...

Question 1: Risk Assumptions

Risk management is a critical component of in car purchases. This is because it safeguards the interest of both the car buyer and also the car seller. Risk management in car purchase transactions are thus ensured through the car purchase contract. There are several risk assumptions in the area of car purchases (PMI 369). One of the assumptions is superior car security and safety. The contract should adequately illustrate issues of car security. The second assumption entails car insurance. All vehicle purchase agreements must illustrate adequate knowledge on how insurance services will be serviced. The insurance is critical because it ...

Designing the e-Commerce system

Merchandize Market Merchandize market has a number of websites that can market or advertise the merchandise products. Internet review of the merchandize market reveals that the website of Wal-mart and Amazon books have numerous merchandise products that are available for the online consumers. In the Wal-mart website, one can identify a number of products that the firm will deliver on the same day and those that the firm would deliver after a given number of days. Largely, the delivery time of the products in this website depends on the location of the buyer and the variety of products. Specifically, Wal-mart online ...

Introduction

The market is a system or institution where buyers and sellers interact for the purpose of exchanging goods and services for a price. The sellers present their goods and or services and the buyers pay the set price for them. Monopoly in the market is a situation whereby one, seller offers a commodity ...

Curiositea Gift Company, the project that I developed together with other four girls, had the mission to sell affordable handmade vintage teacups filled with tea scented candles, shower gel or bath bombs, separately or as a gift. For this aim, we targeted as the end use women aged 30-50, with refined tests for home accessories and an interest in relaxation, harmony and aesthetics. The direct buyers, however, are much more varied, ranging from students to adults who desire to purchase gifts for their friends, mothers, and acquaintances. The main marketing strategy consisted in a combination of strong social media ...

Summary and perspectives:

Chapter 13 discusses topics that are considered supplementary to the coverage of other topics discussed prior. These include topics such as Limit Pricing to prevent entry, Predatory Pricing to lessen competition, Raising Rivals’ Cost to lessen competition, Price discrimination a strategic tool and many others. Apart from being supplementary topics, the topics aim at giving practical adjustments to market failure at points that the others have failed. However, these advanced topics are faced with limitations that can only be achieved in mature markets.

For instance, limit pricing cannot be perfect to a point of eliminating incomplete ...

Introduction

In the present business world the assumption is that firms would like to maximize profits, but in the real life maximizing profit has a great impact on the society and the economy (Wigley 1996). Firms are classified according to the type of market structure they belong to. There are four types of market structure; perfect competition, monopoly, monopolistic, and oligopoly. The main factors that influences a market structure are; the number of buyers and sellers, the degree of product differentiation, the knowledge of buyers and sellers regarding a commodity and the strengths of barriers to entry and exit. Different industries ...

Business Type

The decision to carry out an online business was influenced by the advantages of ecommerce. An online business is easy to maintain through the use of a good website. The consumers are able to check out all the items that the store is selling by clicking a button. The products are also arranged in the website according to various categories. The consumer can select the items he need to view based on his or her taste and preference. An online store also prevents face-to-face confrontations with customers. The online store saves time for both the seller and the consumer. The seller ...

1

When the Grimm Brothers wrote the story of Little Snow White, they didn’t know that this lovely little tale would capture the hearts of millions, and be translated into movies, and plays all over the world. Indeed, it is a story of various characters, and each character is so unique in itself that the plays based on Snow White have captivated the audience for decades now. (Grimm, Jacob, and Wilhem Grimm, 2014)

The story starts off with the queen of a kingdom sewing in the backyard of her palace. She accidentally hurts herself with a needle, and three drops ...

P1 Hello Tomorrow, as a global brand platform and direction, strategically positions Emirates as a company that enables global connectivity and momentous experiences. Hello Tomorrow, as portrayed in the company’s integrated marketing communications campaign, creates a brand promise of continued evolution from the travel brand to the global lifestyle brand. The Hello Tomorrow brand platform is displayed in all the elements of the company’s marketing communication mix such as advertising, personal selling, and direct marketing, among others.

The main objective of Hello Tomorrow is consumer empowerment and engagement. It inspires the people to see and explore the unlimited ...

1. In order to attract customers, eBay has formed a platform over which people can place, view, sell, buy and find more information about a product. Through the system of feedbacks, customers are able to exchange relevant information of sale of products. Through collaboration with PayPal, eBay customers make secure transactions through following of specific regulations for making payments

2. In trading, eBay customers face potential risks of fraudulent traders who could take advantage of the customers by unfair exchange. On the other hand, the seller of the commodity could present an item that does meet the requirement of the buyer ...

Answer 1

Spot and forward market

Foreign exchange rate is the means of expressing the worth and the value of the economy by the value of its currency by the value of another one. The normal market usage is to in quoting the exchange rate to spot value. It, therefore, means that for spot date, the delivery for two business days from the trade date, the payment is always done two days after delivery except for Canada versus US where it is two days. The two business days are usually essential in order to allow the trade information between the counterparties involved being agreed upon ...

Introduction

Purchasing and supply management plays an important role in operations of companies because other functions of the companies depend on the procurement function. In this paper a number of issues will be considered including the role of supply management in the operational process, the strategies of negotiating prices, budgeting supplies, materials, and service, outsourcing procurement function, and the best supply management practices with examples. Supply management is one of the core functions of the company. The information presented below will attempt to justify the importance of supply management function.

Question 1

Purchasing and supply management is an important part of the operational ...

What was your typical approach to negotiations before taking this class? Use your accumulated experience and insights to analyze your former approach.

Having successfully completed the class, I regard myself as a poor negotiator before I learnt what I now know. I used to talk a lot and listen less. I did not understand that negotiation depends mostly on the power relationship between both parties. I used to have poor communication skills. I used to talk too fast for the comprehension of the person I was negotiating with. Little did I know that talking too fast did not auger well to most of the respondents. My classmates thought that I was ‘a know it all’ person and they distanced themselves from me on ...

There is usually a thin line when determining between legal and ethical issues. In marketing, the strategies used are mostly informed by legal and ethical considerations. The same is true when considering product safety and intellectual property. This means that there is a close relationship between law and ethics; however, it is the existence of the law that makes ethical values enforceable. In general, therefore, ethics are those values or rules of conduct that are created so as to guide a particular group of people while legality is something that pertains to the law. Ethics, in other words, should be contemplated within ...

In many capitalist economies, the production of goods and services is controlled by the few who are able to produce the goods with minimal of without any competition. Such an economy is controlled by a few individuals who are able to produce or have been protected by the legistation. Such people who are able to produce goods for production are referred to as the monopolists. Monopoly in the marketplace indicates the existence of a sole seller. This may take the form of a unified business, organization, or it may be an association of separately controlled firms, which combine, or act together, for ...

Book Review - Secrets of Power Negotiating: Inside Secrets from a Master Negotiator

The book’s name is Secrets of Power Negotiating: Inside Secrets from a Master Negotiator. It was written by Roger Dawson. The book serves as a guide on “How to” negotiate. Dawson has provided with a set of criteria that makes a negotiation successful and guidelines on how to achieve it. This paper provides a book review of the book, focusing on the five main ideas presented by the books in different chapters.

One of the foremost ideas presented by Dawson is “Never say yes to the first offer”. The author discusses this idea in the first chapter. This chapter provides the ...

The Mexican peso in this case appreciates in relative to the US dollar, is of great benefit to the Mexican production industries. This is because the cost of exports will raise thus increase in profits for the Mexican industries. Mexican products too will be competitive in the international market as the production cost does not exceed the sale value of the product. US investment in Mexico will increase due to certainty of the value the peso and the higher inflation rate of Mexico than that of US. Foreign exchange risk is minimized as investors are able to eliminate all ...

Lack of information has come to be seen as a fundamental cause of market failure. Resale markets, housing markets and markets for corporate securities suffer to some extent from the problem that market participants have better information security than others about the value of the good are traded. The market of lemons is a situation where bad goods always drive out good ones from the market. This is done in the same manner, which bad money drives out the good. This means there is no price at which trades will take place. In the lemon market there is possibility that one ...

The initial assumption after hearing about the 20-year-old female patient’s nausea and vomiting is that she had suffered from food intolerance because it is a common occurrence when people eat shellfish (LeBlond, Brown, & DeGowin, 2009). However, it is important to remember that misdiagnosis occurs in 30 – 40 percent of cases in which patients report abdominal pain (Seller & Symons, 2012), so a detailed assessment of the patient’s medical history should be performed, followed by physical examinations and diagnostic tests.

Previous or current pharmacological treatments and information about possible chronic disorders is relevant for reaching the correct diagnosis. ...

- Contract Terms and Conditions

Our organization may opt to use the RFP as the ideal document for binding the contract between us and the contractor or possibly draw up separate document that will serve as the contract. Either way, contract condition and terms must be clear, present and agreed to by the two involved parties. The RFP contract provides general conditions and terms which we could use. However, if the agency involved in the contract determines that an HSP is required and subcontracting opportunities are possible, then all respondents will be required to submit the HSP alongside all their supporting documentation and proposal. ...

Part 1

The procurement process of all the departments from different managers across the organization is what is referred to as coordinated procurement. Procurement is obtaining products and services from outside. In a project procurement process is very important because delivery of goods and other resources for the project should be within time and budget. The administrative cost incurred by each manager in the process of procurement is minimized if the process is less than one office. The older project managers have concerns and views that should be addressed. As the person in charge it is important to clarify issues with the ...

Lily is a 20-year-old student who reported having a sore throat for the past three days and experiencing various related symptoms, including decreased appetite, headaches, and painful swallowing. In addition, it is possible to notice that the patient has a hoarse voice and a runny nose. It is possible to suggest that she suffers from a viral upper respiratory infection (URI), but several additional diagnoses should be suspected (Dains, Baumann, & Scheibel, 2012).

When assessing the patient’s health history, it is important to collect information about previous instances of bronchitis, allergies, immune incompetence, asthma, and inquire about the patient’s cigarette smoking habit ...

Sales and contracts

In the business world, some companies to lease goods from the businesses that have already purchased the goods rather than purchasing themselves. Leasing basically involves the transfer of possession from one owner to the lessee. The rights of a person are different from the rights of a person who have purchased the goods. The lesser of good have the right for the consideration and the good have to be returned at the end of the lessee period.

A merchant is an important person under the uniform commercial code. In article two of the UCC; it is clear that merchants are very ...

The 46-year-old female patient reports pain and discomfort in her right ankle. Because she can still bear her weight on the ankle, it is possible to conclude it is not fractured. The most likely cause is strenuous physical activity, which resulted in an ankle sprain. Other diagnoses I should take in account include Achilles tendinitis, plantar fasciitis, rheumatoid arthritis, and calcaneal spur because they can all be triggered by physical trauma (Seller & Symons, 2012).

When collecting the patient’s medical history, it is important to focus on previous athletic injuries and previous instances of painful joints because that ...

Chest pain, shortage of breath, and similar complaints are frequent, but they are broad symptoms that can occur in several disorders. For example, chess pain is a common symptom in angina pectoris, pulmonary embolism, pericarditis, coronary syndrome, lung tumors, aortic dissection, and various other disorders (LeBlond, Brown, & DeGowin, 2009). Because the symptoms of those disorders often overlap or show slight differences, the nurse is responsible for performing a thorough assessment, which includes screening the patient’s medical history, performing a differential diagnosis by performing physical assessments, and recommending further lab tests and examinations. Without a thorough assessment, chances of diagnostic errors are ...

OIL AND GAS SUPPLY CHAIN

Supply-chain links involved in the oil and gas enterprise include; exploration, production, refining, marketing and consumption. Various operations are involved in each of these stages. To begin with, the exploration stage involves geological seismic and geophysical procedures. Production involves engineering facilities, reservoir and drilling operations. On the other hand refining involves complex processing procedures resulting products for the market. The consumption stage refers to when the oil and gas products have reached the end user. All the above stages are carried out as separate segments in a company or as specialized companies dealing with a single stage of the supply chain. ...

Deborah Root’s excerpt, Conquest, Appropriation, and Cultural Difference, and Olive Senior’s Mediation on Yellow poem present the same message about the plight of native nations in Canada. Canada, formerly a British colony, is home to many native nations that have over the years been conquered, displaced, and suffered in the hands of immigrants who came into the country. Despite the feudal past that characterizes the history of these tribes, it is apparent from both the poem and the excerpt that native nations of Canada continue to be discriminated against and being taken advantage of. Both Root’s and ...

The manufacturing company is responsible for the injuries of the pilot. The manufacturing bears the sole liability because it offered the contract to the subcontractor who provided equipment with flaw that led to the air crash injuring the pilot seriously. The liability is transferred from the subcontractor to the manufacturing company because it the one which offered this contract to the subcontractor. The manufacturing company may make a follow up for compensation from the subcontractor to compensate for the failure of the equipment which caused the failure of the aircraft. The company is suppose to compensate he pilot for the ...

Question one

The objective of every business entity regardless of their size to maximize profits and minimize costs. This is achieved by either maximizing their revenue and cutting down on expenses hence; the gap between costs and revenue increases. Businesses can achieve profitability by ensuring that they are economical on how they spend their resources and maximize the capacity of their productive apparatus. For example, they maximize the productivity rate of a machine by producing at the level where it is functioning optimally. The costs are cut down by ensuring that the unnecessary resources are preserved until the time they are needed ...

Tim advertised that he was selling his Porch Short Boxer car in the newspaper to which the rogue later responded by visiting him. The advertisement by Tim is merely an invitation to treat which essentially paves the way for submission of offers to which Tim is free to accept or reject. This was the case in Partridge v Crittenden where Lord Parker CJ made a comment to the effect that if an advertisement were to be regarded as an offer, advertisers would be faced with a situation where they are under an obligation to sell the advertised goods to everyone who ...

Business Law Questions

Business Law Questions

This is the most suitable theory for the partners and the breach of contract. The breach of warranty highlights the damages which are available to the disappointed buyer when the specific seller has breached the article which explicitly stipulates the qualitative warranties. This implies that any buyer who unconditionally allows products that are nonconforming and who also follow the other conditions before he/she recovers the goods has the right to claim warranty.

Consequently, a breach of contract claim exists when the seller fails even to deliver the products when the need arise. This implies that in order ...

The main warranty theory which is best suited for the partners is the breach of warranty theory and the breach of contract. The breach of warranty highlights the damages which are available to the disappointed buyer when the specific seller has breached the article which explicitly stipulates the qualitative warranties. Therefore any buyer who has allowed nonconforming products and follows the other conditions prior to his or her to recover the goods has the right to claim warranty.

On the other hand a breach of contract claim exists when the seller fails even to deliver the products when the need ...

Executive Summary

According to (Myerson 34), the internet presents a remarkable opportunity for businesses to expand into new markets, offer new products and services, and compete on a more-equal ground with established businesses (Myerson 34). This report attempts to build on the above philosophy to business operations of Mova Globe, an American company manufacturing and selling solar powered globes for rooms and offices. Mova Globe is largest manufacturer and seller of globe that rotates silently in the world. The gadgets do not require power batteries or cords, only the natural light of an office or home. The Mova globe comes in two different ...

Introduction

A contract can be defined as a relation between two parties, who enter into an agreement that will be bidding to them and enforceable by law. The consent of the parties should be a voluntary affair. There are various categories of contracts. The following cases studied below fall under the category of a sale of goods contract. For a sale of goods contract to be legally binding to the two parties, it must fulfill all the legal requirements of a valid contract. This means that there should be adherence to the requisite elements which include an offer, an unequivocal acceptance, and intention between the ...

Question 1

Traditionally, purchasing function was a low- level activity that was decentralized. Staff is each department, branch or plant used to make their own purchasing decision. In addition, relationships with supplier were ad hoc in nature. Strategic planning involves systematic planning for the entire organization to ensure its long term survival. However, traditionally purchasing decisions were made at the departmental level in an ad voc manner. Therefore, supply chain management was not involved in corporate strategic planning function.

Question 2

I would consider single sourcing if an item has a high profitability impact and its supply risk is low. If an item has a high ...

Assignment 1:

The main learning objective for this past week was to study the process involved in planning the procurement of materials that are meant to be used for the completion of a certain project. During the study, a detailed analysis was carried out on each individual process that comprises the the procurement process of a certain project. Before delving into discussions on what factors are considered when coming up with plan for procuring the materials required for a project, we began by understanding the meaning of a project’s procurement process. The discussion on the broad meaning of what is a project procurement process, was ...

The objective of this report is to present analysis on how RFID are being used to improve the efficiency and quality of organizations, their products and services. The report has been divided into three sections namely introduction, which provides a brief discussion on the general relation of information technology to business most particularly the RFID. The methods used to construct this report is through random research of the topic and used the obtained readings to support the thesis. It was concluded through the readings and findings that RFID was able to improve efficiency of companies in term of securing their ...