Gordon has built a lucrative small business by purchasing inexpensive kitchen gadgets from a companies in china and the far- east and selling them at his booth in a popular flea market. This is an example of importing
An import is an item or service that is purchased outside of its nation of origin. International trade is made up of imports and exports. A country has a negative trade balance, or a trade deficit, if the value of its imports surpasses the exports it produces.
The majority of the time, nations will import items or services that the exporting nation's own industry cannot provide as effectively or inexpensively. Additionally, nations may import goods or raw materials that are unavailable within their boundaries.
A significant percentage of the drop in jobs in manufacturing in the importing country appears to be attributable to unrestricted agreements and a dependence on imports from nations with less expensive labour. Free trade makes it easier to import goods and materials from regions with more affordable manufacturing, which lessens the need for indigenous goods.
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A laissez-faire leadership style may be most effective when managing workers who ______.
A laissez-faire leadership style may be most effective when managing workers who are more knowledgeable than other group leaders.
What do you understand by laissez-faire leadership style
Laissez-faire leadership, also known as delegative leadership, is a type of leadership style in which the leaders are hands-off and allow group members to make the decisions.Researchers have found that this is generally the leadership style that leads to the lowest productivity among group members.This leadership style can have both benefits and possible pitfalls. There are also certain settings and situations where laissez-faire leadership might be the most appropriate.To learn more about laissez-faire leadership style, refer to:
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In the interview in the ""introduction to marketing""-lecture on 09/13/22 a company representative of fidelity described how fidelity segments their markets. Based on which factors does fidelity segment their markets?.
Mass marketing, often known as undifferentiated marketing, is a tactic that involves developing a single message for every possible audience. It increases brand recognition and enables firms to contact more customers at a reduced cost.
It encompasses all the activities that companies undertake to push, sell, and distribute that product or service. The goal is to come up with sales and build a loyal Marketing customer base by informing prospective and existing buyers about the offering. The key purpose of selling is to induce people to inquisitive about the products or services of an organization.
This happens through market research, research and contemplating the interest of a business's ideal customers and attracting them through messaging which might be educational and helpful to a business's target group.
Marketing Management is an organizational discipline, which deals with the sensible application of promoting orientation, techniques and methods in enterprises and organizations and with the management of a company's marketing resources and activities.
The underside line of any business is to form money and marketing is a vital channel to achieve that end goal. Creative explained that without marketing many businesses wouldn't exist because marketing is ultimately what drives sales.
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If each boy in the school pays n$10 school fees, and each girl pays n$7, how much money is paid to the school altogether?
The amount of money paid to the school for children is given by the following equation:
T = 10x + 7y
What are equations?Equations are algebraic expressions that are characterized by having an equality, and expressions on either side of it. Equations have several uses, such as modeling problems, formulas, and graphing functions.
If in a certain school the tuition that is paid for each boy is $10 and for each girl is $7, the total value that will be paid to the school depends directly on the amount of money paid to each of them, so we only need to express it with an equation, and this will be:
xboys + ygirls = total
T = 10x + 7y
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Edna dean works for a consulting firm that has been hired to estimate the total market potential for a new product in the distribution industry. this research could best be described a?
Edna dean works for a consulting firm that has been hired to estimate the total market potential for a new product in the distribution industry. this research could best be described a Exploratory.
In macroeconomics, an industry is a branch of an economic system that produces a carefully-associated set of raw substances, items, or services. for example, one might seek advice from the wood enterprise or to the coverage enterprise.
Industries are generally labeled by the products and offerings they produce. as instance, the pizza industry is made from all producers who produce and promote pizza in the marketplace. it is crucial to observe that for a pizza maker to belong to the pizza industry, he or she should promote the product they make in the market.
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An example of a product or service that would most likely be accounted for using a process costing system would be:_________
Process costing is used to track costs for uniform products manufactured in large batches. As a result, cereal manufacturer would almost certainly use process costing.
What kinds of products would you use for process costing?Process costing is an important method of product costing for manufacturing firms that mass produce a large volume of similar products or units of output. Oil refining, food production, chemical processing, textiles, glass, cement, and paint manufacturing are all industries that use process costing.Process costing is a costing method commonly used in manufacturing where units are continuously mass-produced via one or more processes. Manufacturing of erasers, chemicals, or processed food are examples of this.Chevron Corporation (petroleum products), the Wrigley Company (chewing gum), and Pittsburgh Paints (paint) are examples of companies that use process costing. In situations where many different products or services are produced each period to customer specifications, job-order costing is more likely to be used than process costing. Costs are traced to departments and then allocated to units of product using an average process in a job-order costing system.
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Suppose again that furniture production is more capital-intensive relative to clothing production, which is more labor-intensive. If the relative price of furniture to clothing rises, this will.
If the relative price of furniture to clothing rise, this will simply raise the income of capital owners when furniture production is more capital intensive relative to clothing production.
Let’s understand what is capital-intensive and what is labour -intensive-
Capital intensive: When the production of a particular good or service require more of capital asset such as land, machinery, equipment rather than physical labour it is said to be using capital intensive technique. For example: production of a laptop requires more capital-intensive technique.
Labour- Intensive: When the production of some good and services require more use of physical labour rather than capital asset, it is said to be using labour-intensive technique. For example: production of a building requires more labour-intensive technique.
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What commodity did the english east india company turn to in order to help britain erase the tea-caused trade deficit with china during the 1800s?
opium commodity did the english east india company turn to in order to help britain erase the tea-caused trade deficit with china during the 1800s.
East India Company:
The East India Company was a joint-stock company created in 1600 by the English, and afterwards by the British, that was liquidated in 1874. It was established to trade in the Indian Ocean region, first with the East Indies (the Indian subcontinent and Southeast Asia), then with East Asia. The business took over significant areas of the Indian subcontinent, colonised parts of Southeast Asia and Hong Kong, and maintained trading ports and colonies in the Persian Gulf Residencies. At its heyday, the company was the world's largest corporation, rivalling the Dutch East India Company.
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During the annual planning meeting with her executive leadership team, mieko, president of a rapidly growing company, expressed her vision for expanding company operations across the globe. Mieko’s long-term vision is an example of e-commerce. True or false?.
During the annual planning meeting with her executive leadership team, Mieko, president of a rapidly growing company, expressed her vision for expanding company operations across the globe- False.
Meiko’s long term vision is an example of Global expansion. Operations are entering a new international market thanks to global expansion. Companies use a branch or one of the other techniques to create a legal presence in the new nation. A successful opportunity to enter new markets, broaden your product line, and assemble a world-class staff is provided by global expansion.
While some businesses might decide to expand into one market at the time, others might decide to expand regionally in order to benefit from shared cultural norms and bilateral free trade agreements. Similar to how there are numerous routes to market access, some of which include exporting, franchising, purchasing, and establishing foreign subsidiaries.
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_____ is an organizational factor that gives a company specific characteristics. over time, stakeholders begin to see the company as like a living organism with a mind and will of its own.
Corporate Culture is an organizational factor that gives company-specific characteristics. over time, stakeholders begin to see the company as like a living organism with a mind and will of its own.
Corporate Culture: Corporate culture, usually referred to as company culture, is a set of values and activities that govern how management and staff at a firm interact and conduct business with third parties. Corporate culture can significantly affect a company's and its workers' success.
Employees are given the freedom to advance within the company and take charge of their own initiatives.
Corporate Culture is an organizational factor that gives company-specific characteristics. over time, stakeholders begin to see the company as like a living organism with a mind and will of its own.
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Which marketing orientation states that consumers will favor products that offer the most in quality, performance, and innovative features?
The product concept states that consumers will favor products that offer the most quality, performance, and innovative features.
A consumer is a person who buys matters for a non-business purpose, both for themselves or for others. Businesses use patron advertising and marketing campaigns to promote to purchasers. Campaign messaging focuses on obtaining capable customers and retaining modern customers.
Consumers represent the top trophic degrees. not like producers, they cannot make their own food. To get power, they devour flora or different animals, even as some devour each. Scientists distinguish between several kinds of consumers. primary consumers make up the second trophic level.
A consumer is also called the give-up person. The consumer is the one who will pay for something to consume items and offerings produced. As such, purchasers play a vital role within the economic device of a state. Without customer demand, producers might lack one of the key motivations to provide: to promote to customers.
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Determine+the+size+of+your+investment+account+30+years+from+now+when+you+plan+to+retire+if+you+deposit+$12,000+each+year+beginning+one+year+from+now+in+the+account+interest+at+a+rate+of+10%+per+year
Your investment account will be worth $1980000 in 30 years (When You Plan To Retire) If you start with a $12,000 yearly deposit and the account earns after one year.
Investment accounts are a specific kind of bank account that have funds or securities deposited into them and are kept at a financial institution. Long-term growth, income, or capital preservation from the portfolio of deposited assets are the main goals of an investment account.
An asset that will eventually deliver value greater than its initial cost is considered an investment. Almost any asset can be referred to as an Investment accounts, including intangible ones like education. Investing often refers to the acquisition of stocks or bonds when discussing the stock market. These securities are intended to deliver an investor future value that outweighs their purchase price.
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The complete question is
Determine the size of your investment account 30 years from now (when you plan to retire) if you deposit $12,000 each year, beginning 1 year from now, and the account earns interest at a rate of 10% per year.
Which term describes entities who have a direct interest in, or are affected by, a business impact analysis (bia)?
a. stakeholders
b. participants
c. project team
d. sponsors
The correct answer is (D) Sponsers.
The entities who is directly affected by business impact analysis (BIA) and have great impact on it, are the sponsors.
A business impact analysis (BIA) is a methodical procedure for assessing the possible implications of a disruption to crucial business operations as a result of a accident, or emergency. The business continuity plan of an organisation must include a BIA (BCP). It has an investigative component to find any threats and vulnerabilities and a planning component to create risk-reduction plans.
Any number of people or organisations that support the goals and objectives of another person or organisation can be referred to as sponsors. For instance, sponsors may invest in private businesses, generate interest in publicly traded securities, underwrite mutual fund shares in initial public offering (IPOs), create exchange-traded funds and so on.
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Jacob is a marketer at gamer way video games. He is currently working to develop four different color versions of their latest video game console. Which of the four marketing mix strategies is jacob working on?.
Jacob is a marketer at gamer way video games. He is currently working to develop four different color versions of their latest video game console. The marketing mix strategy which Jacob is working on is product.
In the field of business, a marketing mix strategy can be described as the ways a company uses its resources in order to target more sales and attract more customers.
There are four groups of marketing mix strategies which are product, price, place, and promotion.
If a marketer develops a product in order to increase its market reach then the product group of the marketing mix strategy is focused.
In the case above, Jacob is focusing on how he can attract more market targets through different color versions of his product i.e video game. Hence, Jacob is working on the product strategy of the marketing mix.
Although a part of your question is missing, you might be referring to this question:
Jacob is a marketer at Gamer Way Video Games. He is currently working to develop four different color versions of their latest video game console. Which of the four Marketing Mix strategies is Jacob working on?
Product
Place
Price
Promotion
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In a market economy, economic activity is guided by:_____.
a. self-interest and prices.
b. public-interest groups.
c. central planners.
d. the government.
It is commonly known that economic activity is always guided by self-interest and prices in market economy. Thus, the answer is letter a.
Actually, the majority of economic activities in a market economy is basically governed by decisions made by firms and households in society where as self-interests of consumers and the prices set by sellers drive businesses and households.
Public interest groups cannot be the answer since in a market economy, they are not the only target market.
Central planners, for sure, is not the most suitable answer as it cannot guide the economic activity.
The government, although part of market economy, is not the sole director of economic activity.
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The cpi in 1970 was 38.8 and in 1998 the cpi was 163.0. if the real value of 1970 a gallon of milk in terms of 1998 dollars is $0.70, what was the nominal price of milk in 1970? (5pts)
The cpi in 1970 was 38.8 and in 1998 the cpi was 163.0. if the real value of 1970 a gallon of milk in terms of 1998 dollars is $0.70,
$0.17. was the nominal price of milk in 1970.
38.8($0.70)/163 = $0.17.
Not seasonally adjusted CPI measures The Consumer Price Index for All Urban Consumers (CPI-U) expanded 8. three percentage during the last three hundred and sixty-five days to an index degree of 296.171 (1982-84=100). For the month, the index become unchanged previous to the seasonal adjustment.
When there may be an upward extra de withinside the CPI, this indicates there was a boom withinside the common extra de in charges over time. This finally results in changes withinside the fee of residing and earnings (probably in order that earnings are adjusted to satisfy a better fee of residing). This manner is called indexation.
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You are creating the wbs for a project. which indicator best shows that you have decomposed a work package to an appropriate level?
You are creating the wbs for a project. The work can be completed within a reporting period shows that you have decomposed a work package to an appropriate level.
Work Package
A work package is a component of the work breakdown structure that allows project management to identify the actions required to complete the work. As such, a work package can be viewed as a sub-project that, when merged with other work package units, forms the finished project. By dividing the work into work packages, numerous teams can work on different aspects of the project concurrently or sequentially. Each team adheres to the processes outlined in the work package plan and completes them by the deadline. When all teams have completed their particular work packages, the project as a whole comes together and the objectives are met.
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Randy has established a successful fast-food restaurant chain named randy’s in the united states. He currently has 12 locations across three states. He’d like to expand his brand to asia, but does not have the capital to do so. He’s also wary of the risk of failure, especially because he is not very familiar with business in asia. If you were consulting randy, what route would you advise against?.
The first thing to do is to consult an economist regarding what steps he should take. then after getting the answer, he can make his own decision, if he wants to take a high level of risk but the return, he gets is also high, then he can borrow money in the bank for capital. but if he doesn't dare to take the risk then he can invest the money he has.
Business risk or also called business risk is the impact or consequence that will be received during the course of a business activity. This has a direct or indirect impact on the decrease in the number of profits, as well as the finances of a company.
Even so, the majority of entrepreneurs will always anticipate the worst possibility that occurs from a business activity. Making the right decisions and having a mature strategy can reduce business risks that may occur in a business activity.
Business owners sometimes do have to take the 'worst' risks available to get bigger profits, compared to taking no risks at all which can actually make the business stagnate or 'stuck'.
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If the production possibilities frontier is ________, then opportunity costs are constant as more of one good is produced.
If the production possibilities frontier is constant, the opportunities cost are constant as more of one good is produced.
The production possibility curve helps to show the combination of two or more goods that are produced in the economy. If the production possibility is slopping downwards it shows that there is scarcity in the economy. When the production possibility curve is bowed out it shows that the economy is allocating resources based on competitive advantage.
If the shape of the Production Possibility Curve is a straight line, then the opportunity cost is constant. This is because the production of different goods is changing. Opportunity cost is the cost of producing other goods with the same amount of resources that are used. If the resources are used to produce one article they cannot be used elsewhere.
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Personal property which is attached to a building and which will convey with the land is known as?
Personal property that is attached to and conveyed with the building is known as a fixture.
Personal property refers to all kinds of assets one owns that are not attached to the building or land, and in other words, are not fixed in a permanent location. For example, vehicles, households, furniture, and any other movable items. But when personal property is physically attached to a building or land and is conveyed with the building, it becomes real property known as a fixture.
Since fixtures are permanently attached to a building, thus are considered part of the building when selling it. Such as lights, ceiling fans, cabinets, decoration equipment, and appliances are considered fixtures. All such items of personal property are attached to the building and conveyed to the buyer along with the land, eventually becoming the property of the buyer and known as fixtures.
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Toybox, inc. , manufactures the spintop, a toy that the company discovers can cause harm. Before anyone is injured, anne, a pediatric nurse who has not purchased a spintop, files a suit against toybox, inc. In seeking to have the suit dismissed, toybox, inc. , best argument is that anne does not have.
Toybox, inc. , manufactures the spintop, a toy that the company discovers can cause harm. In seeking to have the suit dismissed, toybox, inc. , best argument is that Anne does not have the standing to sue.
A company, abbreviated as co., is a legal entity representing an association of human beings, whether natural, legal or a aggregate of both, with a specific goal. agency individuals share a not unusual cause and unite to gain unique, declared goals.
A organization is a prison entity shaped by a collection of individuals to have interaction in and perform a enterprise—business or business—employer. A organisation can be prepared in numerous methods for tax and financial legal responsibility purposes depending on the company regulation of its jurisdiction.
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According+to+a+certain+central+bank+from+2000+to+2016+the+average+price+of+a+new+home+in+a+certain+region+increased+by+%+to+$+thousand.+what+was+the+average+price+of+a+new+home+in+2000?
Solution:
Let the price of a new home in 2000 be P
Price of a new home in 2016 after a 68% increase = $575
Therefore, according to the numerical,
P + 68% of P = 575
Or, P + 0.68P = 575
Or, 1.68P = 575
Or, P = 575/1.68
Or, P = 342.26
Therefore, the average price of a new home in 2000 = $342.26.
Average existing single-family home prices were $150,900 in the first quarter of 2002, up 2% from the fourth quarter of 2001, up 8% from the same quarter a year ago and from the second quarter of last year, By 1999 it was almost $350,000. they said in their report. Median home prices rose 6.1% between the first and second quarters of 1999 to about $20,000.
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The name for minimum energy expended to keep a resting, awake body alive is _______________. This represents about 60% to 70% of total energy expenditure.
The name for minimum energy expended to keep a resting, awake body alive is basal metabolic rate. This represents about 60% to 70% of total energy expenditure.
What is basal metabolic rate?
As we know that to keep our most life-sustaining activities at a position of rest, our body needs a lot of calories, so basal metabolic rate (BMR) simply helps in determining how much calories are actually needed to perform such activities such as energy needed at the time when our body is resting or we are sleeping. The best basal metabolic rate (BMR) is between 1000-2000, means there should be an intake of around 1000-2000 of calories each day so that these activities should be carried out.
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The cause and effect relationships among critical success factors are best captured in?
The cause-and-effect relationships among critical success factors are best captured in the strategy map.
A relationship refers back to the association, connection, interplay and bond among or extra people. There are many unique kinds of relationships. This phase specializes in 4 kinds of relationships: Family relationships, Friendships, Acquaintanceships and Romantic relationships.
Healthy relationships contain honesty, trust, recognition and open communique among companions and they take attempt and compromise with each people. There isn't any imbalance of power. Partners recognize every other's independence, could make their personal choices without worry of retribution or retaliation, and proportion choices.
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Assume you currently earn a salary of $50,000 per year. what will be your annual salary 17 years from now if you receive annual raises of 3.75 percent?
The annual salary in 17 years will be $93,490.57.
What will be the annual salary?If salary increases every year, this is a compound growth with annual compounding. When there is a compound growth, it means that income increases at an exponential rate. Salary would increase at an exponential rate of 3.75% every year.
It is important that salary's growth rate is higher than the inflation rate. This would ensure that the purchasing power of the person's salary is maintained.
The formula for calculating future value with annual compounding is:
FV = P (1 + r)^n
Where:
FV = Future value P = Present value R = interest rate N = number of years$50,000 x (1 + 0.0375)^17
$50,000 x (1.0375^17) = $93,490.57
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When an organization experiences changes in several factors and the rate of change of those factors is rapid, they are likely experiencing______.
When an organization experiences changes in several factors and the rate of change of those factors is rapid, they are likely experiencing HIGH UNCERTAINITY.
Organizational uncertainty: what is it?
Business uncertainty can be defined as any incident that a company cannot foresee or directly influence and that could have unfavorable results.
Decide which dangers to your business are most urgent and order them accordingly. List the main challenges that need to be addressed, such as data theft, windstorms, the departure of a well-known CEO, etc., during a brainstorming session. Then create a risk management strategy so you can prepare for the more significant possible issues in advance.
Any business has a large amount of uncertainty. There is no return without risk, as every business owner is aware. As a result, a key component of our investing and speculating is the prevalence of uncertainty.
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If a supplier is offering trade credit of 1/10 net 30, and a buyer chooses not to take the discount, when should they pay, assuming that they wish to stay on good terms with the supplier?
If a supplier is offering trade credit of 1/10 net 30, and a buyer chooses not to take the discount, on day 30 they should pay, assuming that they wish to stay on good terms with the supplier.
A person who buys items in the normal way from someone inside the commercial enterprise of promoting such goods and who does so in exact faith and without expertise that the sale violates some other man or woman's ownership rights or protection interest in the goods. such a consumer could have exact title to the object bought.
Buyers are the relevant point inside the marketplace whatever the sports are performed they are completed for his or her pride. it's far very important aspects of the marketplace. a person or an group that purchase items or service is called customer.
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Zero coupon bonds with a par value of $1,000,000 have a maturity of 10 years, and a required rate of return of 9 percent. what is the current price?
Zero coupon bonds with a par value of $1,000,000 have a maturity of 10 years, and a required rate of return of 9 percent.
The current price is $422,400.
What do you understand by par value?
The term stock market refers to the exchanges in which shares of publicly held companies are bought and sold. Such financial activities are conducted through formal exchanges and via over-the-counter (OTC) marketplaces that operate under a defined set of regulations. Both “stock market” and “stock exchange” refers to the same thing. Traders in the stock market buy or sell shares on one or more of the stock exchange.The leading U.S. stock exchanges include the New York Stock Exchange (NYSE) and the Nasdaq.To learn more about stock market value, refer to:
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A+5.5%,+20-year+municipal+bond+is+currently+priced+to+yield+7.2%.+for+a+taxpayer+in+the+33%+marginal+tax+bracket,+this+bond+would+offer+an+equivalent+taxable+yield+of:_________
A 5.5%, 20 year municipal bond is currently priced to yield 7.2%. for a taxpayer in the 33% marginal tax bracket, this bond would offer an equivalent taxable yield of Equivalent taxable yield = Yield / ( 1 - Tax% ) = 7.2% / ( 1 - 33% ) 10.75%
Find the reciprocal of your tax rate (1 – your tax rate). If you pay 25% tax, your reciprocal would be (1 - . 25) =. 75, or 75%.
Divide this amount into the yield on the tax-free bond to find out the TEY. For example, if the bond in question yields 3%, use (3.0 / . 75) = 4%.
The tax-equivalent yield is the yield on a taxable bond that an investor would have to earn to match the return on a comparable tax-free municipal bond. Municipal bonds generally have a low expected return, so the full impact of investing in them due to tax savings is often not quantified completely.
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4.on june 1 1 bob emails cindy and offers to sell her 20 lawn mowers. three days later bob revokes his offer. both bob and cindy are merchants. under article 2 can bob revoke this offer? explain
Yes, under article 2 Bob can revoke this offer since there is no need to continue considering the offer.
The sale of products is governed by MCL 440.2101 et seq., Article 2 of the UCC. In the event that two parties fail to fully address frequent concerns in a written contract, Article 2 is intended to offer default norms and gap-fillers that apply.Different default guidelines are provided in Article 2 for "merchants" and "non-merchants." A "merchant" is defined as "a person who deals in items of the kind" or who otherwise presents oneself as possessing expertise specific to the goods in question. In other words, you are a merchant if you are in the business of selling any kind of commodities, and additional default regulations may be in effect.Learn more about Article 2 here:
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A resource is overallocated by two simultaneous assignments. one of the tasks is very short, while the other task is long. which technique provides an easy solution to this situation?
Assigning multiple resources to both tasks provides an easy solution to this situation.
A resource is a bodily fabric that human beings need and value together with land, air, and water. sources are characterized as renewable or nonrenewable; a renewable aid can refill itself at the rate it is used, whilst a nonrenewable aid has a restrained delivery.
Resource refers to all of the materials available in our surroundings that are technologically on hand, economically possible, and culturally sustainable and assist us to satisfy our wants and desires.
Resources are necessary for human beings due to the subsequent motives: sources while used as uncooked cloth fulfill the desires and comforts of humans. Herbal assets are a source of agricultural activities which provides economic importance. In addition, they provide employment possibilities.
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