Answer: Yes
Explanation: In the above case, a quasi-contract was formed. This is when a bilateral contract is not in place but one party will enjoy the benefit of the activities of the other party and may be enriched by it.
A bilateral agreement is the exchange of a promise for another and in this case would have been, the promise that Dozier would pay for Paschall’s work. This was not established, however, Dozier will benefit from Paschall’s work unduly if he does not pay for the improvements. The law holds that he has to pay for Paschall’s work to prevent being unjustly enriched.
Answer: Introduction phase.
Explanation:
Campbell's company is going through the introduction phase of it's development cycle. In the introduction phase, a business; builds it's customer base, makes very little or no profit, observes slow growth rate and the running cost is usually high, but the business tends to stabilize as it enters the growth phase.
Answer: All of the above
Explanation:
A company should endeavour to be socially responsible if it will result in any of the listed circumstances as they are all benefits.
If this would increase the company's competitive advantage it should be embarked on as it would lead to the company having a better position in the market. It can also reduce the cost to the company of reputation damaging incidents.
A company having improved efficiency and workforce retention is a good company and if socially responsible actions will bring that, the company should do it. And with the purpose of a company being to maximise shareholder value, a company should definitely engage in socially responsible actions if there is a high correlation between CSR and stock price.
The main mistake made by North American when trading with a middle Eastern companies are being Impatient.
Explanation:
- Middle east countries include countries such as United Arab Emirate, Iran, Iraq, Turkey, Egypt etc.
- North Americans are known to have a good trading relationship with many nations through out the world.
- But the failed to maintain a healthy and good trading relationship with Middle eastern companies such as UAE etc.
- On of the main reason why they failed is due to their impatience as arab people usually hesitate to take decisions regarding business right away and will demand some three or more business meetings before agreeing for trading, where on the other hand North americans didn't have such patience.
Hence their trading with North americans failed.
