Answer: The answer is true
Explanation: the contract can not be enforce until both merchant agrees on a specified price on their agreement
The element of common law includes offer,acceptance and consideration. For the contract to be binding and legal both parties must have the capacity of entering into the contract. The contract of common law will be void if all element of common law formation do not exit.
Answer:
Option A
Explanation:
Complete Question
A university conducts a survey of students, which shows that a 10 percent tuition hike would lead to a 12
percent decreases in the enrollment. If the university wants to increase its total revenue, it should ________
tuition because the demand for education at this university is ________.
A) not raise; elastic B) raise; inelastic C) not raise; inelastic D) raise; elastic
Solution -
The demand for college in the market is elastic which means that variation in variables such as college fees deeply impact the demand. If college fees is increased, the intakes or enrollment will fall down which means that the demand is not stable or on the basis of quality. Therefore, the demand for the college will not rise on fees hike and it shall be an elastic demand.
Answer:
A. divisional structure.
Explanation:
Divisional structure -
It is the pattern of planning and designing the organization into small divisions , is referred to as divisional structure.
The division can be on the basis of the geographical areas .
Huge organisation or companies adapts this method , top have better control on the company .
Hence , from the given information of the question ,
The correct option is divisional structure .
