Roger Rhodes had faced many problems and the major problem is not having an efficient production line. The current production process is inefficient and disorganized. After consideration of several alternatives‚ we have found some major problems that occur in Eastern Gear Inc. The problem that have been analyse is the problem in term of raw materials‚ production flows‚ factory layout‚ poor quality control checks‚ unproductive way to rush orders and others The problems come from the process design
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The offer and acceptance model is flawed- only an agreement is necessary. In order to fully comprehend this statement‚ we must first establish what constitutes and offer and what constitutes acceptance. “An offer is a statement by one party of willingness to enter into a contract on stated terms‚ provided that these terms are‚ in turn‚ accepted by the party to whom the offer is addressed”. Acceptance is “…an unqualified expression of ascent to the terms proposed by the offeror”. The “Offer and acceptance
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Business Law(BL) John is an offeror as he is putting his property out at 2 million and this offer may also be made to the world at large not just individuals or specific groups of people(Carhill v Carbolic Smoke Ball Co 1893). After having assessing through the situation of Adam and Bill‚ i would like to touch on assessing Adam’s situation first. In this scenario‚ John was the offeror as he offered 2 million for the house and Adam is the offeree but as Adam was the first viewer of the house
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I. INTRODUCITON Auctions are as modern as today ’s technology‚ yet as old as mankind. The Internet‚ however‚ has expanded the scope and reach of this market mechanism beyond the wildest dreams of its traditional purveyors. Unlike traditional auctions that were limited in scope‚ online auctions have brought this mechanism to the masses‚ providing them with an all-encompassing selection of goods they can buy or sell. In recent years we have seen the emergence of electronic marketplace that leverages
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Reverse auction Background Reverse auction‚ also known as downward price auction‚ is a kind of competitive bidding event where more than two suppliers compete for a single buyer’s business. During the bidding period‚ the price is driven down‚ as the suppliers compete for the chance to offer their specified product/service at a price which is set by the market environment of the reverse auction. Such auctions are commonly used by organizations and companies as a tactical way to achieve their
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With case examples‚ explain what is meant by the terms offer and acceptance‚ in reference to English Law. 1. The terms offer and acceptance are terms most commonly found in contact law. An offer makes up the first part of a contract‚ it is imperative that the offer is definite. The term offer is defined by Treitel as: ’...an expression of willingness to contract on specified terms‚ made with the intention that it is to become binding as soon as it is accepted by the person to whom it is
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Study Internet auctions appeared on the scene in the mid 1990s‚ and quickly became one of the most successful applications of electronic commerce. EBay‚ the premier consumer-to-consumer (C2C) Internet auction site‚ is generally held up as an exemplar for the industry. However‚ it is widely predicted that the potential transaction volume in business-to-business (B2B) auctions will be much greater than in the C2C channel (Keenan‚ 2000; Rosenthal‚ 2002). In the B2B marketplace‚ auctions were initially
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1: Recreation & Sports Equipment Corporation sells a product that is capable of seriously injuring consumers who misuse it in a foreseeable way. Explain whether the firm owe an ethical duty to take this product off the market. Describe the conflicts that might arise if the firm stops selling this product. Firms rarely take products off the market just because of the potential that some idiot can misuse the product. Some products can be misused somehow and way too often the misuse is intentional on the part
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Organisational Development What are some of the issues that arise in an OD consultant-client relationship and how do you prevent and solve same. Claudine Benjamin UWI November‚ 2014 The consultant in the OD consultant-client relationship is expected to provide the client with professional expert advice in a specific field by assisting the organisation in an objective manner to identify‚ analyse and‚ upon request‚ assist in implementing solutions to specific problems. There have been several schools
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Do the courts always rigorously apply the established rules of offer and acceptance governing the formation of contracts? Put bluntly‚ no‚ the courts do not always rigorously apply the established rules of offer and acceptance governing the formation of contracts. Judgments by Lord Denning in Butler Machine Tool Co Ltd v Ex-Cell-O Corporation Ltd (1979) and Gibson v Manchester City Council (1979) have challenged this ‘mirror image’ approach. Nonetheless‚ these are very much exceptions to the general
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