Business Consulting - Kone Monospace Case Study

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• business law case study Essay

  ... This essay will discuss the Case study by firstly identifying four elements of contract, then justifying duties of Mr. Martin with applying the principles of pre-existing contractual duties. Finally a discussion about part payment of debt and promissory estoppel will be explained. Likewise, this essay will evaluate the knowledge of common law and agency relationship. QUESTION 1 a) Four essential elements of a contract should be Offer, Acceptance, Intention to create legal relations and Consideration. Firstly, offer, according to Adams(2012), is a full and clear statement of the terms”(p79) send to a party(the offeree) by another party(the offeror). Otherwise there could be a misunderstanding of an invitation to treat or negotiation which are similar statements. If an offer intends to be legally binding, acceptance, by which the offerees can show their agreement of all the terms of the offer, is needed. Acceptance needs to be valid and informing the offeror, while the terms should as same as the previous ones. Another element, i.e. consideration, aims to make sure the promise made is of value. As defined by Jones (2011), the consideration needs to give benefits to the one, who is suffering a loss at the same time. Last but not least, while making an agreement to be legally enforceable, intention to create legal relations is important. While judging whether it is a binding contract or not, the situation to make this contract needs to be...

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• BUSINESS ECONOMICS CASE STUDY Essay

  ...Name Instructor Course Date Case Study In the case study provided, Westport Electric Company seems to be having serious budgetary problems. The selection, planning and implementation of various projects seem to be faulty. In this particular case, King who is the supervisor of the administrative staff budget staff section has raised a red alarm with regard to two recent budget approvals (Kieso 161). Background Information: Origin and Magnitude of the Problem The operating activities of Westport Electric Company are categorized in four main groups: “the electrical and transmission group, the Military and Space group, the Home Appliances group, and the Electronics group” (Kieso 161). These groups have various operational divisions. These administrative offices vary in nature and categories. The administrative offices offer top management advice in area of specialty. The vice presidents of these departments constitute the policy committee which takes part in the in decision making. These administrative offices “offer advice to operating divisions and other staff offices and coordinating among divisions” (Kieso 161). Generally, before a project is approved it undergoes a series of checkpoints. “At the beginning of the year, the budgeting department provides timetables and instructions required for the preparation, submission and approval of budgets for the forthcoming year” (Kieso 162). During budget...

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• Essay on Business Law Case Study

  ...Business Law Case Study Module 4 PLAINTIFF'S STATEMENT: The Parties – Alex Johnson vs. Bethlehem Ice Solutions   Opening Argument   Those familiar with skiing know that there are risks involved when one chooses to participate in the sport.  Those risks, however, should be associated with self-inflicted harm caused by mistakes that a skier may make and not unforeseen obstacles and dangerous situations.  The injuries sustained by Alex Johnson on the slopes at Bethlehem Ice Solutions (BIS) were not self-inflicted; far from it.  They were the result of negligence on the part of BIS who failed to mark boundaries that separates the slopes and caused Craig to crossover onto another slope, walking directly into Alex’s path and colliding into him, causing severe bodily harm.   Key Facts of the Case   Alex was injured on the slopes at Bethlehem Ice Solutions (BIS) when he collided into Craig who walked into his path while he was skiing.  The defense may argue contributory negligence but it is a fact that Alex exercised reasonable duty and care while skiing but could not avoid Craig.  Defense may also argue assumption of the risk, however, Alex is aware that skiing is a dangerous sport that can inflict bodily harm but he exercised the proper caution while skiing and should not have to be subjected to obstacles and dangerous situations due to the negligence of BIS.  The legal principle Causation – cause in fact - comes into...

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• Business Law Case Study Essay

  ...strike they wanted to “force” the authorities to give in to them as they knew that the public transport system would be affected without them. As a result, without the 14 days of notice, they caused disruption to the essential services of the country. From this, we can conclude that Zhang, Wang and Chang took matters into their own hands by going on an illegal strike out of dissatisfaction and anger. The second offence would be the breaching of employment contract. A breach of contract is an example of a “civil wrong” wherein a legally binding agreement is not honoured as it should be as stipulated in the contract or any signed agreement between two parties. In matters of business, a breach of contract can be executed whenever the non-performing party puts the conduct and the activities of the business at risk due to non-compliance to the agreements(SLFS, 2013., para 2)). In regards to the first issue, Zhang, Wang and Chang are hired to be train drivers in Singapore and not hired to go on an illegal strike. Being considered as an essential service worker, they have caused disruption to the public service, breaching their employment of contract. Thirdly, the three train drivers have also incited other train drivers to join in the strike. Under section 10 of the Criminal Law (Temporary Provisions) Act (Chapter 67), instigation is any person, who incites others to take part in, or otherwise acts in furtherance of, a strike or lock-out....

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• Kone Monospace Essay

  ...KONE: MONOSPACE LAUNCH IN GERMANY Factors contributed to the launch performance of KONE on the Netherlands, France and UK? When launched, sales of KONE’s Monospace was the highest in Netherlands, then France and in UK none was sold in the first 3 months. Monospace is an elevator invented by KONE using the latest technology that uses an “EcoDisc” that eliminates the use of a machine room and further incur significant energy cost savings for the building management. It is an upgraded version for geared traction elevators. There is more construction freedom and construction costs could be saved using Monospace too. The technology of Monospace then could be used for buildings of 12 floors or less. Hence KONE marketing team targets the low-rise residential elevators market segment in Europe. UK is dominated by low quality construction and high quality construction building works with very few in between mid-ranged constructions. For the one extreme spectrum, high-end elevators are in demand and the other, low budget and quality hydraulic elevators are in demand. Some of the low quality elevators barely meet regulatory standards in UK. Hydraulic elevators took up 90% of the market and only 10% for geared tractions. There are very high switching cost that deters customers to switch from hydraulic to Monospace elevators. The price of a...

  1797  Words | 5  Pages

• Essay on Business Law Jordan vs Sasha Case Study

  ...she back home, she decide to accept the offer of the games at price RM850 and wrote a letter to Jordan. In the same time Jordan gave new offer to buy the games at price RM900. So, which offer is valid in this time? 4. Sasha accept the price offered by Jordan which was RM900 and she immediately gave response after received the mail by calling Jordan but no one pick up the phone. So, she left her message in Jordan’s answering machine. 5. On Sunday, Sasha changed her mind and refused to sell the games. She left another message in Jordan’s answering machine saying that she no longer wished to sell it. 6. On Monday, Jordan arrived at work and he found the letter and 2 voice-mail from Sasha. Did offer and acceptance happen in that time? Cases and Sections (Law) 1. Harvey v Facey [1893] AC - The appellants telegraphed the respondent – “Will you sell us Bumper Hall Pen (a property in Jamaica)? Telegraph lowest cash price.” The respondent replied, “Lowest price for Bumper Hall Pen is £900.” The appellants then replied in the following words: "We agree to buy Bumper Hall Pen for the sum of £900 asked by you. Please send us your title deed in order that we may get early possession”. The respondent however refused to sell at that price. He denied his reply was an offer. The Privy Council held that no contract existed between the 2 parties. The first telegram was simply a request for information, so at no stage did the respondent make a definite offer that could...

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• Business Studies Case Study Essay

  ...redundant can be very expensive and could have a negative effect on the company’s cash flow especially since the company isn’t doing well as a whole. This is a short term effect which can be sorted out by obtaining a loan but in the long term this would benefit the business and increase its profitability levels. Another benefit of removing 2 management levels is that the decision making process is much easier and faster the reason it empowers the workforce is because they feel that they are being listened to by higher levels and also that they are more in the loop when it comes to making decisions that will affect the whole company. However even though they know how the business run internally they shouldn’t get rid of 10 managers because they’ve had year of experience between them and know how to run the business successfully and also their expert knowledge about their competitors all they would need help with is the new technology that would bring them into the 21st century and make them even more successful. The drawbacks of removing the two levels of management means that the managers that are still left will suffer as their workload will increase, their span of control will increase which has negative effects on the business as communication will break down leading to disgruntled employees or jobs and roles not being completed to a high enough standard. Managers may become demoralised because as well as the...

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• Nivea Business Marketing Case Study Research Paper

  ...Sebastián Gómez Nivea For Men Marketing Case Study May 18, 2014 1. What is the difference between product range and product mix? Product range refers to the different types of products within one category. For example, in the category of soft drinks there are products like Coca Cola, Sprite, Mountain Dew etc… In the other hand product mix refers to the different categories that are sold. For example, fruits, soft drinks, candy etc… 2. How would the increase in marketing awareness affect Nivea’s day to day operations? The marketing strategies will create more sales because the people are going to be more attracted. More staff will be needed to take care of the sale and other factor such as more deliveries and more products will also be results of the marketing awareness. 3. Why is the FHM Grooming Award a good thing for Nivea? It is a good thing because it improves that appearance and therefore there will be more sales. FHM has a high readership level and readers care about how they look so Nivea will use this fact to target the group and benefit form the extra sales. 4. Why is it important for Nivea to identify a market segment? Because with this they will create better strategies and they will know on what to focus at. Also, they will save more money and will be more successful in their sales because they will have a more accurate view of the future prospects. 5. Above-the-line and Below-the-Line...

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