<span>Like its name implies, an irrevocable trust cannot be changed or ended. Grantors who transfer their assets into such a trust are effectively gifting them to it, revoking their ownership of said assets. This trust is often used as a more tax-effective way to protect an estate.</span>
The contract is defined as an agreement enforceable by law. Consideration is the promise made by the other party. The promise of one party is the consideration for the other party. Both the parties promise each other to perform their obligation in exchange for the consideration.
<h3>What is an agreement?</h3><h3 />
Agreement is every set of promises which results in the formation of consideration for each other. Their are always two parties to a contract and every party must perform its obligation which is the consideration for the other party.
Bob agreed to remove beehive , him removing the beehive is the consideration for Suzie. Suzie promised to pay $120 for removal of beehive is the consideration for Bob.
Therefore, the consideration in this example will be "Both the removal of a beehive and the payment of $120.00" OPTION C is correct regarding the problem.
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Answer:
My recommended sourcing strategy is that Pacific Systems should single source their DVD drives and they should establish a good relationship with their suppliers. Having a single supplier and having a long term contract with that supplier will be advantageous for the company. Further it should implement a just in time inventory management practice.
A quantitative analysis is provided in the attached file
To reduce any risk associated with my sourcing decision I will have to trust my supplier and try and create synergies together by building a symbiotic relationship with the supplier. Cross functional risk planning will also be useful here.
2. Not all sourcing decisions require the same quantum of commitments in terms of time and efforts. This is because a variety of suppliers are available both locally as well as globally. As a company analysis will have to be done with regards to suppliers if they are financially competent to supply, on a consistent basis, high quality materials. The type of sourcing that does not justify the level of effort and analysis are fasteners for the computers and poly bags that are used to protect products from dust.
3. The issue of supplier capacity is important in this case. This is because the market is booming and demand is about to rapidly increase due to a revival of the economy. The company should look out for a supplier that has the ability, wherewithal and capacity to cater to spikes in demands besides being able to take on new projects. A supplier should be stable enough to absorb increase in demand and having such suppliers will ensure that the company does not lose out on potential customers.
4.
Advantages of single sourcing – It helps in optimizing the company’s supply chain. Further it helps the company by lowering its production costs and provides and creates a better and incremental value for the shareholders.
Disadvantages of single sourcing – It can be detrimental to the company in the long run as greater power is provided to the suppliers. Secondly failure of a supplier may cause a total shutdown for the company.
Advantages of multiple sourcing – As competition increases among the suppliers it drives down prices in the long run. Secondly failure of a single supplier will no longer disrupt the company’s operations.
Disadvantages of multiple sourcing – Managing different suppliers can become complex as each of the suppliers will have to be managed and monitored. Secondly as there are many suppliers they will not eb able to leverage the advantages of economies of scale.
Explanation:
Answer:
a. 480
Explanation:
The computation of the economic order quantity is given below:
= 480 units
The carrying cost could be determined below:
= $4 × 25%
= $1
hence, the carrying cost is $1
Therefore the economic order quantity is 480
Thus, the correct option is a.
Answer: (A) Market share
Explanation:
Market share is one of the concept that helps in understanding the overall percentage of the sales, productivity of the industry over the specific period of time.
The market share is one of the important business concept that helps in calculating the overall sales of the products and the services and categorized based on the specific brands in an organization.
According to the given question, the marketing manager of the company basically assessing their progress against the competitor rivals and also tracking the specific portion of the overall computer tablets sales.
Therefore, Option (A) is correct answer.
