Hello!
The answer to your question is "price elasticity".
:)
Answer:
Louise's defense is not valid. She was involved in an Implied-in-fact contracts
Explanation:
Implied-in-fact Contracts
This is a contract that is legally enforceable as a result of an agreement made by conduct and from assumed intentions. These conducts and assumed intentions are derived from the relationship among the involved parties.
When Louise saw Midcity Painters painting her house and made no comments, she became involved a implied-in-fact contract. The conduct of Midcity to paint her house and her conduct to be quiet infact formed a legally enforceable contract.
Louise, therefore, liable. However, due to the lack of contractual terms such as payment for the job done, Louise will be liable for the nominally or typically acceptable rate for such a job done. For instance, if a normal house paint job costs $2000, Louise is liable to pay $2000 for the implied contract.
Answer:
Identify options.
Explanation:
Added value negotiation is defined as value that is added to a deal between parties to enhance relationship between them. It goes further than normal negotiation by providing something extra.
It focuses on interest, develops options, and creates deals that benefits all parties involved.
Mark did not want to buy cheap bags as a new year gift for his employees, while the employees did not want exorbitant bags.
Mark is focused on adding more value than the employees expect in this scenario.
During the three-month period, the plant is not able to produce anything because it shut down. Hence, its variable cost is equal to zero, however, during this period, the fixed cost is still greater than zero because of the process that needs to be done in order to ensure that once the plant is restarted.
For the reason stated above, the most likely answer to this item is the first choice.
