Answer:
mutual mistake
Explanation:
A mutual mistake happens when all the parties involved in a contract (two or more) are mistaken or do not know the correct information about some specific material fact that is relevant to the contract. In this case, the contract can be rescinded because Harry believes that Ryan wants to buy his Cadillac, while Ryan believes Harry is selling his Porsche.
Since both of them are mistaken and do not know relevant material facts regarding the contract, the contract can be terminated.
Answer:
<em>Behavioristic </em>
Explanation:
Behavioral segmentation <em>distinguishes a population based on its actions, the reaction, use or understanding of a product by the community. </em>
Consumer habits is a topic of advertising strategy that has been studied extensively over time.
This is primarily because a customer takes into account many considerations before making a decision.
Answer:
The rate at which to discount the payments to find sum borrowed is 12.68%
Explanation:
The discount rate to be used in computing the sum borrowed can e derived from the effective annual rate formula below:
Effective annual rate = (1 + Quoted interest rate/m)^m - 1
quoted interest rate is 8.40
m is the number of months in a year when compounding is done which is 12
effective annual rate=(1+8.40%/12)^12-1
effective annual rate=(1+0.01)^12-1
effective annual rate=(1.01)^12-1
effective annual rate=1.12682503
-1
effective annual rate=0.12682503=12.68%
Answer:
by improving quality of its products or services are as follows: ... So this budget can be reduced due to improving quality of goods.
Explanation:
Production involves all activities that consist of the output of goods and services demanded by people for which they pay the cost.
A company can achieve lower production costs and increase productivity by improving quality of its products or services so that budget can be reduced by correcting any quality issue in the product or service which can be expensive, but less than external failures
Also, production equipment efficiency can be increased if preventive maintenance can be followed as it helps to reduce operating costs per unit.
