Answer:
Can SPI sue Med-Express in an Illinois court? Why or why not? Which statute (rule) applies here?
Yes, SPI can sue Med-Express in an Illinois court due to the minimum contacts doctrine. This is an actual court case that the North Carolina Court of Appeals ruled in favor of SPI. The minimum contacts rule states that in order for a business to be sued in another jurisdiction it must have maintained minimum contacts with residents of that state. Minimum contacts may include making business with individuals or companies that reside in the other state, visiting the other state or incorporating in the other state. In this case, Med-Express made business with SPI, and SPI is a resident of Illinois.
a shortage occurs when quantity supplied exceeds quantity demanded. The assertion is untrue.
What is scarcity?
When the amount required exceeds the amount supplied at the going rate, there is a shortage.
Three factors primarily contribute to shortages: rising demand, falling supply, and government action.
The term "scarcity" should not be confused with "shortage" as it is used in economics.
In a market that is operating normally, the quantity provided and the quantity sought are in equilibrium at a price determined by market forces. A shortage occurs when there is an imbalance between supply and demand for a good or service. The market is said to be in a condition of disequilibrium when this happens. This circumstance often only lasts a short while before the product is supplied and the market returns to normal.
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Answer:
The correct answer is (C)
Explanation:
Cynthia's role is that of a product champion. A product champion is somebody who takes the initiative, sees an incentive in an item, and makes and builds up the item to complete the task. Cynthia's has developed a product which will ultimately reduce the overall manufacturing cost of the company, which is why she was able to convince the supervisors to accept her idea.
Pepsi and coke they beefin
Answer:- They require companies to use focus strategies to meet specialized customer needs.
Explanation:- A fragmented industry is an industry in which many organizations compete and there is no domination of the industry by any single or small group of companies. However, it is true that they require companies to use focus strategies to meet specialized customer needs.