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Anvisha [2.4K]
3 years ago
7

Francie drives into Gage’s Auto Service and asks Hong, a Gage’s employee, to replace a tire on Francie’s car. After Hong replace

s the tire, but before Francie pays for it, any contract between Francie and Gage’s is
Business
1 answer:
marusya05 [52]3 years ago
8 0

Answer:

Executory contract

Explanation:

An executory contract is an agreement between two or more individuals where the obligation of each will be performed at a later date or time. In an executory contract, the promises specified in the agreement are not fulfilled immediately.  A contract is executory if both parties are an agreement, but none of them have fulfilled their obligations.

Francie and Gage were in an executory contract when Gage agreed to change the tire.  Francie did not pay for the service of the spot.  Changing a tire takes some time, and as such, Gage did not perform his obligation instantly. Before each could fulfill their obligations, the contract was executory.

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"Discuss the financial and operational implications for airlines as they try to offer the newest technology services?"
Oksana_A [137]

Answer with Explanation:

The introducing of newest technology would definitely have financial and operational implications. These implications are given as under:

Financial implications

  • Cost Reduction: The operational costs would be reduced by investing in the newest technology which will make the cash flow position better with time.
  • Benefits Lost Risk: It is possible that the investment might not bring value to the company because of any emergent problems, whose mitigation requires incurring of additional costs.
  • Cost Advantage: The lower operational cost can drive higher sales because the company will be charging lower fare prices to its customer thus giving Cost Advantage.
  • Investing in newest technology might not bring value to the company because it is not attracting potential customers but it might pay off later in the form of developed customer loyalty.

Operational implications

  • Implementing a newest technology might improve the operational processes through which the customer go through, which would increase the customer satisfaction.
  • Implementation problems of newest technology.
  • Long term Customer retention will easy for the airline company due increased customer satisfaction.
  • Operational efficiencies related to services will process the customer fastly saving the companies precious time wasted in these process thus reducing the future human resource cost.
  • Using robots might bring adverse marketing because the people might think that the human resource are no more required and risks associated with the acceptance of technology due to cultural differences.
  • Better Security systems would increase the security level and safety levels for the customers.
7 0
3 years ago
A firm commitment arrangement with an investment banker occurs when the: issue is solidly accepted in the market as evidenced by
Elina [12.6K]

Answer:

A firm commitment arrangement with an investment banker occurs when an investment banker buys the securities for less than the offering price and accepts the risk of not being able to sell them.

The correct option is B.

Explanation:

A firm commitment arrangement happens when an investment banker buys the securities for less than the offering price and accepts the risk of not being able to sell them.

However, the issuer receives a little less money than the offering price but he gets a specific amount for all the security being issued. The risk rests completely on the investment banker.

Therefore, the correct option is B.

6 0
3 years ago
6
TEA [102]

Answer: Four pies.

Explanation:

Marginal cost is the additional cost of producing one extra unit of a good or service.

From this graph we see the marginal cost rise when the first pie is produced and then it subsequently decreases as the second and third pie is produced which is where it reaches its lowest point.

From the fourth pie, the marginal cost begins to rise again which means the marginal cost begins to increase when the producer makes four pies.

3 0
3 years ago
The RIASEC model is one way to classify people by their personality type. The model suggests that employees will have more caree
miss Akunina [59]

Answer:

True

Explanation:

The SDS ( RIASEC MODEL) is a direct product of a theory of personality types and environmental models developed by John Holland.

It proves that you can use your three-letter Summary Code to locate occupations (or fields of study, or leisure activities) that correspond best with your personality and thus are most likely to satisfy you.

3 0
3 years ago
When a pharmaceutical company discovers a new drug, patent law gives it market power by guaranteeing:
Roman55 [17]

C) exclusive ownership of the drug's right to sell it for a limited time.

What guarantees the monopoly when a pharmaceutical company discovers a new drug?

A company without market power is a monopoly. Patent law grants a pharmaceutical company a monopoly when they discover a new drug: the right to sell the drug in part for an unlimited number of years.

What is monopoly power's fundamental source?

Barriers to entry are the primary factor that lead to monopoly. There are three sources of entry barriers: Responsibility for secret weapon.

Is a patent monopoly-granting?

Invention is rewarded by patents, not commercialization. In a similar vein, a patent does not constitute an economic monopoly. First, because having a patent does not result in the "single supplier" situation that is typical of most monopolies in real life.

To learn more about monopoly here

brainly.com/question/29765560

#SPJ4

5 0
1 year ago
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