Answer:
The correct answer is b. The letter of intent is an invitation to negotiate, which is not an offer.
Explanation:
The letter of intent is a document that is written as a pre-agreement between two people or two entities that have the commitment and the intention to proceed further and formalize a contract. They resemble a contract, but unlike these, it is not binding.
We may think that the fact that the letter of intent is not binding makes it lose its value or its usefulness as a practical tool. But the reality is that it serves as proof of will, and such proof may be sufficient proof for other clients or other participants to decide to withdraw.
In addition, the letter of intent itself implies the existence of a negotiation, where those easier questions usually appear, by mutual agreement. Leaving for the real contract, those more complex issues that require more negotiation.
Answer:
Read the minutes from the meeting
Explanation:
At every formal meeting, there someone assigned to take minutes of the proceedings. The minutes detail the discussion and resolutions made at the meeting.
Once Craig has recovered, he should make efforts to get a copy of the minutes. By reading the minutes, Craig will be up to speed with the outcome of the meetings.
Answer:
B. be well matched to its internal situation and predicated on leveraging its collection of competitively valuable resources and competencies.
Explanation:
A company competitive strategy is either short term or long term strategy that puts a company ahead or above other competitors, thereby giving the company an advantage after examining the strength and weakness of its competitors and comparing them to its own. The strategy contain how to withstand the market’s competitive pressures, attract customers and assist in improving the company’s market position. It includes marketing a product different from that of your competitors after research, getting quality raw materials and labor at cheap prices and so on.
Revenues should be recognized when available and measurable.
