Chapter 9 Answers: 1. Consideration consists of mutual exchange of gains and losses between contracting parties. In the exchange‚ a gain by the offer is at the same time a loss to the offeror. The legal term used to designate the gain that each party experiences is that party ’s legal benefit. Consideration has three characteristics 1) The agreement must involve a bargained-for exchange; 2)the contract must involve adequate consideration; and 3) the benefits and detriments promised must themselves
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VIVEKANANDA EDUCATION SOCIETY INSTITUTE OF MANAGEMENT STUDIES AND RESEARCH INTERNATIONAL BUSINESS SUBMITTED TO: PROF. VIJU NAVARE GROUP NO: 7 SUBMITTED BY: NILESH AHUJA 62 NITIN GALANI 66
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Business Studies – Business Communication Unit 4 – Task 1 Business communication can promote a product‚ service‚ or organization: it relays information within a business. Business communication is essential for a business as it is a good way of building the businesses success. The communication is most important if the members of the business are to work as a team to the same goal. The types of communication are: * Verbal * Written * Onscreen * Multimedia * Web based
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truck immediately upon purchase $700 Installation and testing of factory machinery $2‚000 Real estate broker`s commission on land purchased $3‚500 Insurance premium paid for first year`s insurance on new truck $880 Cost of landscaping on property purchased $7‚200 Cost of paving parking lot for new building constructed $17‚900 Cost of cleaning‚ draining‚ and filling land $13‚300 Architect`s fees on self-constructed building $10‚000 Solution: Sales tax on factory machinery purchased $5‚000 (Plant)
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Mohegan Sun document under Doc Sharing. What make’s Mohegan Sun so attractive to the gambler as well as the nongambler in this region? Gamblers are those that are interested in coming to a spot to where they can eat and game at the same time which is the reason why Mohegan Sun is so popular and for those that are interested in seeing the shopping side of the resort. When it comes to those that are non-gamblers is attractive to those that don’t like to game but like to see the resort‚ the shops‚ and
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The GE matrix is an alternative technique used in brand marketing and product management to help a company decide what product(s) to add to its product portfolio‚ and which market opportunities are worthy of continued investment. Also known as the ’Directional Policy Matrix‚ ’ the GE multi-factor model was first developed by General Electric in the 1970s. Conceptually‚ the GE Matrix is similar to the Boston Box as it is plotted on a two-dimensional grid. In most versions of the matrix: * the
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‘Business’ and Its ‘Environment’ Introduction Every business organization has to interact and transact with its „environment‟. The effectiveness of interaction of an enterprise with its environment primarily determines the success or failure of a business. The environment imposes several „constraints‟ on an enterprise and has a considerable impact and influence on the scope and direction of its activities. The enterprise‚ on the other hand‚ has very little control over its environment.
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php?id=98 The film documents this lifestyle ’s drastic effects on Spurlock ’s physical and psychological well-being‚ and explores the fast food industry ’s corporate influence‚ including how it encourages poor nutrition for its own profit. The reason for Spurlock ’s investigation was the increasing spread of obesity throughout U.S. society‚ which the Surgeon General has declared "epidemic‚" and the corresponding lawsuit brought against McDonald ’s on behalf of two overweight girls‚ who‚ it was
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| Business Plans | | | | | Planning GuideEvery business starts with an idea. No matter what that idea is‚ a well thought out business plan is what helps turn that idea into a reality. The Big Idea is designed to guide you through the steps of developing and fine-tuning your business plan.It is a common misconception that business plans are written for the sole purpose of obtaining financing. The most important reason for writing a business plan should be that it is an important tool for
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up Achieving success with professional business planning Starting-Up boek2 NV 16-06-2004 11:51 Pagina 2 Contents Authors Thomas Kubr Heinz Marchesi Daniel Ilar Herman Kienhuis McKinsey & Company‚ Inc. The Netherlands Amstel 344‚ 1017 AS Amsterdam The New Venture Business Plan Competition Preface Acknowledgements 4 7 9 About this manual 11 Part 1: Starting up a company - how companies grow 17 Part 2: The business idea concept and presentation Example:
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