Answer:
It is not a valid agreement as it has to be in writing the no of widgits per month and cost of widgit.
Explanation:
Widgit is liable to Midgit if only if there exists a written agreement regarding quantity and price per month. If there is one, then Widgit is liable to Midgit for breking the agreement.
Answer:
matched as below
Explanation:
A. An agreement to purchase the stated material, for the stated price, under the stated terms..<u>.Customer Purchase Order.</u>
A purchase order represents instructions contained in an order document given out by a customer to business to deliver the goods specified in the order. The customer has committed to buy the goods stated in the order. A customer will prepare a Customer purchase order based on a quotation provided by a business.
B. It spells out the availability and prices of the materials specified in the inquiry. It is prepared by the sales department. ..<u>Quotation.</u>
A quotation is a document prepared by a company detailing the availability of specified good or services and their prices. A quotation will be issued in response to an inquiry from a customer. The sales department prepares the document in consultations with the stores department.
C. A request for information about the availability and prices of the products that a customer is interested in...<u>Customer Inquiry</u>.
A Customer Inquiry is a document that specifies items or services that customer would wish to buy from the business. The customer seeks to know if the company deals with specific products, their prices and availability.
I think the correct answer would be the first option. Deadweight losses occur when the quantity of an output produced is less than, but not when it is greater than, the competitive equilibrium quantity. It is also known as allocative inefficiency. It is a loss of efficiency that will happen when the equilibrium of a good is not reached or the supply and the demand of a good are not in equilibrium such that the quantity of the goods is less than the equilibrium quantity. It is a loss due to inefficient use of the resources available. Price controls, minimum wage and taxation are said to cause deadweight loss.
