Answer: Voidable contract.
Explanation: Voidable contract is enforceable by law at the option of one or more parties but not an option of the the other parties. A voidable contract can still be considered valid if its not cancelled by the aggrieved party within a stipulated time. A contract is said to be a voidable contract if the contract is entered into without the free consent of the party. Typical grounds for a contract being voidable include coercion , undue influence and fraud. A contract made by a minor is often voidable.
It is a valid contract which may be either affirmed or rejected at the option of one of the parties involve.
The answer is D. Cash and carry wholesalers
This type of business usually doesn't need to make any sales call because customers usually come, pay, and carry the product by themselves
Example of cash and carry wholesalers : Walmart , Carefour, Lotte,
Answer:
1. False 2. True
Explanation:
1. The candidate for political office announcing that the policy to reduce immigration from abroad which, he says, economics clearly demonstrates will lead to higher output in the long run; is false.
What increases output are the factors of production of which labor is a major component. When there are more people willing and able to work in an economy, <u>they help companies to produce more output but that is not the case when immigration is reduced, obviously that would reduce productivity and output.</u>
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2. However his second claim is right, that making trade more open between the US and other countries will increase output on the long run.
Trade barriers like tariffs and duties impede the level of trade between countries which could either reduce the amount of money countries make after netting off custom duties or the price of imported goods are increased by the effect of tariffs. Increased price means reduced demand
<u>Hence if tariffs are replaced with subsidies in open trade, prices of U.S imported goods will fall and demand will increase.</u>
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Answer:
30,000 units
Explanation:
we can use the economic order quantity formula:
EOQ = √(2SD/H)
where:
- S = order cost (per purchase order) ≈ production run cost = $900
- D = demand in units (annual basis) ≈ production requirement = 1,500,000 units
- H = holding costs (per unit, per year) = $3 per item, per year
EOQ = √[(2 x $900 x 1,500,000) / $3] = 30,000 units
Answer:
Freight-absorption
Explanation:
Based on the information provided within the question it can be said that the Texas Granite Company in Dallas should use Freight-absorption pricing in this situation. This is a pricing strategy in which the seller takes responsibility for all the freight charges that the company incurs in order to attract the amount of business that they hope to achieve. Since company's that are looking to buy see 0 freight charges it becomes a deal since they are saving money as opposed to buying from another company that charges the freight charges to the buyer.
