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guajiro [1.7K]
4 years ago
11

What are the four requirement of valid contract

Business
1 answer:
timurjin [86]4 years ago
3 0

Four requirements for a valid contract are an offer, acceptance by the other party of the offer, a mutual agreement or meeting of the minds of the contracting parties and a valid consideration.

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Marino company is currently selling 10,000 units of its product per month at $10.40 per unit for total monthly sales of $104,000
Bogdan [553]
The total income of the company will be 114.400$ after a month. Hence, to find the net operating income, we need to subtract from it the various costs. The cost per product is 4.20$. Hence, since we have that 10000+1000 products are sold (+1000 through ads), the total cost of these is 11000*4.20=46.200$. We also have that there is a fixed monthly cost of 10.400$ and a budget for advertisement of 4.400$. Hence, the total cost is 46.200+10400+4400=61000$. Now, we need to subtract this total cost from our income. NOI=114.400-61000=53.400$ where NOI stands for Net operating income.
7 0
3 years ago
In the case of ________, it was determined that a test for promotion of firefighters to certify test scores was discarded becaus
Vladimir [108]

Answer:

Ricci vs. DeStefano

Explanation:

This case is a US labor law case that occurred in 2009, where twenty (20) firefighters at the New Haven Fire Department claimed to be discriminated against because they were refused promotion despite the fact that they passed the test.

More noticeably, no blacks and a very small number of Hispanics qualified for the promotion.

The result of the lawsuit was that $2 million was paid to the firefighter plaintiffs and New Haven reestablished the results and promoted 14 out of the 20 plaintiffs. For fees and costs, their attorney Karen Lee Torre was paid $3 million.

6 0
3 years ago
When managing processes, it is vital that:
LekaFEV [45]

Answer:

c. attention is paid to competitive priorities and strategic fit.

Explanation:

Managing process is the top level activity it involves various activity and decisions for the growth of an organization. It clearly states that the company shall grow, what are the goals, what are the objectives and what are the strategies.

This clearly reflects that management's main concern is to strategic performance, and how does it create a space in the market share, as gaining from competitive advantage.

8 0
3 years ago
Southeastern Bank organizes its loan operations based on the market served—consumer, small business, or nonprofit organizations.
bezimeni [28]

Answer:

customer group

Explanation:

Customer departmentalization is where the organization’s activities are ready to respond to and interact with specific customers or customer groups.

This organizational form is used when great emphasis is placed on effectively serving different customer types.

If Southeastern Bank organizes its loan operation based on customers group, this will allow Southeastern Bank to better serve borrowers with different needs by offering customized loan arrangements according to the customers preferences.

<u>Advantages of customer departmentalization </u>

  • Encourages concentration on customer needs.
  • Gives customers feeling that they have an understanding supplier (banker).
  • Develops expertness in the customer area.
  • Saves customers’ time.
3 0
3 years ago
Which of the following is a difference between customized services and standardized services?
Verizon [17]

Answer:

The correct answer is the letter a. Standardized services are more efficient and cost less than personalized services.

Explanation:

The personalized services are those provided according to the characteristics of each person, that is, we seek to individualize the service to meet customer needs. Standardized services refer to services provided equally to all customers, not seeking individualization. In this respect, standardized services are more efficient and cost less, as the individual cost of service does not change, leading to lower costs as the quantity of services sold increases.

5 0
3 years ago
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