Explanation:
The free enterprise system is one influenced by the market, which will determine all economic variables, such as price, products and services, and is a system independent of government control to function.
Therefore, it is correct to state that in a free enterprise system, the offer and demand of the consumer for a product or service that will be the determinant of the success or failure of an organization.
As an example of an entrepreneur, we can mention Steve Jobs, who created one of the largest technology companies in the world, Apple. The free enterprise system was one of the reasons for Apple to succeed in becoming one of the most valued companies in the world, due to the fact that it brought innovative products to the market that became examples of products of value to consumers, which made company to grow and become so successful in the market. If the company operated in a government-controlled market, it would probably have to follow specific rules and restrictions for the production of its products that could limit the company, and its performance could be restricted and not as innovative as the company in the market, which is one of the reasons why it achieved success.
Answer:
goods, common, predominant-factor
Explanation:
Article 2 of the UCC deals with the sale of <u>GOODS</u>. It does not deal with real property (real estate), services, or property such as stocks and bonds. Thus, if the subject matter of a dispute is goods, the UCC governs. If it is real estate or services, the <u>COMMON </u>law applies. If a contract involves both goods and services, the courts generally use the <u>PREDOMINANT-FACTOR </u>test to determine whether to apply the UCC
Well it is a toy manfacturing company and the intermediate good would be a toy plane
Answer:
Anyone who is injured by a defective product may sue the manufacturer, merchants, and all others who handled the product.
Explanation:
Strict liability means that an injured party may sue another even when they don not prove a case against them. A party is held liable for injuries from a certain activity.
For example a company that produces tools may be held liable when the machinery it produces causes injury during use by the injured party.
The injured party need not prove negligence of the defendant.
In this instance MakerMan Manufacturing is liable for the hammer that injured one of Rob's coworkers while they were using it.
Strict Liabilities are classified into 3: animals owned, product liability, and abnormally dangerous acts.
