Answer:
False. There is no legal contract without value consideration.
Explanation:
The following elements must be present to declare a contract legally binding and valid.
An offer for a good or service that is being exchanged, An acceptance of this offer, A consideration which is usually the value of the goods and services that are being exchanged.
While this transaction fulfills the offer and acceptance elements, the consideration or value specification is unfulfilled and as such there is no legally binding valid contract as the prices have not been specified before agreeing to transact.
There might not be any need be for specifying prices if there is a trade, which is both parties exchange goods but in this case there is just one party delivering goods.
Hope this helps.
<u>Full question:</u>
Nalpas Inc., an apparel company, manufactures clothes for men, women, and children. It further divides its core customers on the basis of demographic variables such as income, ethnic background, and family life cycle. In this context, these demographic variables are examples of _____.
a. positioning bases
b. segmentation bases
c. product classes
d. market positions
<u>Answer:</u>
In this context, these demographic variables are examples of segmentation bases
<u>Explanation:</u>
Segmentation bases are the dimensions that can be applied to fragment a market. A segmentation basis is described as an assortment of variables or features used to select dormant customers to analogous groups. Demographic segmentation is one of the usual recommended and commonly used varieties of market segmentation.
Segmenting based on identifiable group attributes, such as age, profession, matrimonial status and so on. Because demographic information is analytical and accurate, it is normally almost easy to reveal using various sites for market research.
Answer:
PMT = $1875.00
Explanation:
The annuity refers to a series of fixed payments made after an equal interval of time and for a definite time period. The formula for the present value of annuity is,
<u />
<u>For ordinary annuity</u>
PV of annuity = PMT * [(1 - (1+IN)^-n) / IN]
Plugging in the values for the available variables. We calculate the PMT to be,
14130.15 = PMT * [(1 - (1+0.08)^-12) / 0.08]
14130.15 = PMT * 7.536078017
14130.15 / 7.536078017 = PMT
PMT = $1875.000493 rounded off to $1875.00
Answer:
-2.5
Explanation:
Elasticity of demand measure the responsiveness of demand against the change in price of the product. It shows how much demand changes if there is the change in price.
Change in Quantity = ( S2 - S1 ) / [ ( S2 + S1 )/2 ]
Change in Quantity = ( 800 - 1,000 ) / [ ( 800 + 1,000 )/2 ]
Change in Quantity = -200 / 900
Change in Quantity = -0.2222222
Change in price = ( P2 - P1 ) / [ ( P2 + P1 )/2 ]
Change in price = ( $35 - $32 ) / [ ( $35 + $32 )/2 ]
Change in price = $3 / $33.5
Change in price = 0.090
Elasticity of Supply = Change in Quantity / Change in Price
Elasticity of Supply = -0.2222222 / 0.090 = -2.5
Elasticity of Supply = 0.597 = 0.60
The rate of inflation is 4.8%.
Given that,
- The CPI of a country in October is given to be 210. In November, the CPI rises to 220.
Based on the above information, the calculation is as follows:
= (220 - 210) ÷( 210)
= 4.8%
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