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3 years ago

QUESTION:An agreement between the parties is an essential

Business

1 answer:

Verizon [17]3 years ago

6 0

Answer:

Yes

All agreement are contract, but not all agreement are contract.

Explanation:

All agreement are contract, but not all agreement are contract. If an agreement fails to create legal obligation, then it cannot become a contract.

An agreement is created when there is a mutual understanding between parties. It can either be have a legal backing or not.

A contract is a written or express legally binding agreement between parties to perform a task or obligation.

For an agreement to become a contract, it must be legally binding between the parties. Just as in the case of (CARLILL V CARBOLIC SMOKE BALL CO (1893). It was held that no contract existed between the parties because the agreement is not enforceable under the law.

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Economic regulation occurs when

bonufazy [111]

The correct option is D.
Economic regulation refers to imposition of rules by a government, backed by the use of penalties that are specifically targeted at modifying the economic behavior of individuals or industries in the private sector. Regulation is often used to narrow down choices in the targeted area.

7 0

3 years ago

describes demand when a given change in price causes a relatively larger change in the quantity demanded

kakasveta [241]

Answer:

Explain: Demand is elastic when a change in price causes a relatively larger change in quantity demanded. Demand is inelastic when a change in price causes a relatively smaller change in quantity demanded. Demand is unit elastic when a change in price causes a proportional change in quantity demanded.

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2 years ago

A company makes travel umbrellas. Its fixed costs are $1000 a week and its variable costs for one batch of umbrellas per week is

Lady_Fox [76]

Answer:

Break-even point in units= 93 units

Explanation:

Giving the following information:

Its fixed costs are $1000 a week and its variable costs for one batch of umbrellas per week are $500 for 2000 units.

After doing market research, the company sets the price per umbrella at $11.

Unitary variable cost= 500/2,000= $0.25

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 1,000/ (11 - 0.25)

Break-even point in units= 93 units

3 0

3 years ago

PLEASE HELP ME!!!!!!!

marissa [1.9K]

C. Taking your competition seriously.

4 0

3 years ago

Read 2 more answers

Which of the following is influenced by personal economic choices? Check all that apply.

alexdok [17]

These are factors that influences the personal economic choices that a person will decide:
-the resources you have available
-the money you decide to spend on leisure products
-the amount of money you put into your savings account
-and the manner in which you balance your time between work and leisure
In the answers above, the only choice that I did not check is number 1 because it is not a personal choice that is applied to everyone. resources and money are saved and used for personal choices of a person for leisure and needs.

3 0

3 years ago