Falsely claiming that a competitor's product is defective or harmful might constitute defamation or product disparagement. This statement is true.
<h3>What is the definition of competition?</h3>
In business, competition is always a factor. Whether it is two companies vying for the same customer base, or two employees vying for the same promotion, competition is a natural part of the business world. However, there is a line that should not be crossed when it comes to competition. Falsely claiming that a competitor's product is defective or harmful might constitute defamation or product disparagement.
Defamation is defined as a false and unprivileged publication by writing, printing, picture, effigy, or other fixed representation to the eye, which exposes any person to hatred, contempt, ridicule, or obloquy, or which causes him to be shunned or avoided, or which has a tendency to injure him in his occupation. Product disparagement is similar, in that it is a false and injurious statement made about a competitor's product.
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Unless you have a Business Plan.
Business plan contain your Objectives and step by step strategy that you will do in order to expand your Company.
Showing in front of investors without it make them questioned your commitment as a future Partner. To put it simply, you look like a careless & unmotivated person that is really bad for business
Answer:
joint venture
Explanation:
Traditionally, Starbucks has depended on a model of the franchise to expand globally. However, when it comes to India, another approach was taken by the coffee chain. It allied with Tata Group to creat a joint venture.
A joint venture (JV) is a business deal where 2 or more parties agree to pool their money for a particular task to be accomplished. This role can be a new project or any other operation of the business.
Answer:
compulsory insurance is the insurance where term and conditions are recommended to be followed
noncompulsory is the insurance where rules are not requested to be done on daily basis
Answer:
Cost of inventory = $2,410
Explanation:
<em>The payment terms 2/10, n/30 implies that if the Company pays within te next 10 days of purchase, it will receive a discount of 2% of the net invoice amount and that the latest date for the settlement of bill is within the next 30 days of purchase.
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The cost of the inventory would be the sum of the next purchase cost , shipping charges, storage fees and insurance fee
Net purchase cost net of discount = 2,000 - 40= 1,960
Cost of inventory= 1,960 + 300 + 50 +100 =$2410
Cost of inventory = $2,410
