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Brrunno [24]
3 years ago
10

Lon has just come home from serving in the Marines and contracts with a local car dealership to purchase a car. The car must be

ordered, and payment is to be made when the car arrives. The next day, Lon receives orders to return to active duty. Realizing that he doesn't need the car, he brings Tony to the dealership and asks that Tony substitute for him. Tony will take delivery and ownership of the car, and Tony will pay the dealership upon delivery. The dealership agrees to have Tony substitute for Lon. What has occurred?
Business
1 answer:
cricket20 [7]3 years ago
4 0

Answer:

The correct answer is:  A novation.

Explanation:

A novation is the replacement of individuals in a contract with the consent of both parties. The new party takes all the obligation of the initial party and releases the last one from all duty. The novation must be signed for the transferor, the transferee, and the contracting party.

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The statement, "With its 25 percent market share, this is the best-selling laser printer on the market today," is an example of
Ksenya-84 [330]

Answer:

Product advantage.

Explanation:

The statement, "With its 25 percent market share, this is the best-selling laser printer on the market today," is an example of a product advantage.

Product advantage can be defined as the attributes or characteristics of a particular product, which differentiates or gives it a competitive edge over other products that is being manufactured by an organization.

Hence, it refers to the ability of a particular product to do well in the market as a result of it being sought by the consumers.

5 0
3 years ago
The first time Jena visited Blue Corals Inn, a restaurant in her neighborhood, she was delighted with the food and service quali
prisoha [69]

Answer:

Inconsistent

Explanation:

Any business in order to be successful needs to have certain characteristics which helps in building the trust of the customers and eventually leading to a flourishing business.

In the case you have mentioned above in the question, it is evident that the quality of the food was not the same as it was before and this shows the lack of consistency from the restaurant management toward maintaining their food and service quality.

Thank You and Good luck.

4 0
3 years ago
Read 2 more answers
Based on your reading of the following passage, to which listed careers do you think John might be suited? (Select all that appl
lesya [120]

Answer:

a seaman

a seaman

a rail yard worker

Explanation:

7 0
2 years ago
A global marketing strategy refers to: ​
FrozenT [24]

<span>A global marketing strategy refers to a marketing strategy used by a firm or a company to be able to compete worldwide. This is used to promote or market its products or services worldwide. This strategy is taken in response to the different international trading aspects and global market conditions.  </span>

5 0
3 years ago
Alan Jackson invests $20,000 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 yea
kondaur [170]

Answer:

a. $32,800

b. $37,019

c. $37,460

Explanation:

a. The computation of Total Amount Withdrawn by Alan when simple interest is shown below:-

Accumulated amount of money = Invested amount + (Rate of interest × Number of years)

= $20,000 + ($20,000 × 8% × 8)

= $32,800

b. The computation of Total Amount Withdrawn by Alan when annually Compounded is shown below:-

Accumulated amount of money = Invested amount × (1 + rate of interest)^Number of years

= $20,000 × (1 + 0.08)^8

= $20,000 × 1.85093

= $37,019

c. The computation of Total Amount Withdrawn by Alan when semi annually Compounded is shown below:-

Accumulated amount of money = Invested amount × (1 + rate of interest × Number of years ÷ 200)^16)

= ($20,000 × (1 + 0.08 × 8 ÷ 200)^16)

= $20,000 × 1.87298

= $37,460

Therefore we have applied the above formulas.

5 0
4 years ago
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