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Ghella [55]
3 years ago
8

A buyer and a seller are disputing a contract for sale and purchase. They agree to submit the matter to a third party who will m

ake a binding determination regarding the matter. This type of settlement is called___________.
Business
1 answer:
leonid [27]3 years ago
3 0

Answer:

Arbitration

Explanation:

Based on the information provided within the question it can be said that this type of settlement is called Arbitration. This term refers to a form of resolving disputes outside of the court system by bringing in a third party who will render an "arbitration award" that will make a binding determination on the dispute. Which is completely enforceable in the courts.

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pav-90 [236]

Answer:

The correct answer is "no"

Explanation:

A market equilibrium occurs in those markets where consumer demand is equal to the amount offered by companies. But they don't necessarily have to be satisfied with the market price.

For example, if a product of basic need is in high demand, the price can be raised a lot which may not result in a fair price for the customer.

On the contrary, a low price on products puts potential competitors out of the market since many times due to production costs they cannot match these prices.

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UNO [17]

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Conflict theorist views society as an arena of inequalities that create social conflict and social change. They are people that believed and hold conflict theory as a view.

5 0
3 years ago
Firms use various methods for identifying customers such as​ ________ and​ ________.
Rashid [163]

Answer:

The correct answer to the following question is option A) .

Explanation:

One way in which firms identify customer is through observational characteristics which can be age, by knowing the average of their target customers , a firm can know whether their target customers would be willing to wait in long lines or not for getting the firms product. As if their target customers mainly consists of old age then those customer won't be willing to wait in long lines to get the product.

3 0
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Nations will attract investment and its citizens will engage in productive activities when the institutions and policies of that
Varvara68 [4.7K]

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