Question 1 Peng & Lau, a firm of accountants, recently purchased a laptop computer from computer retailer Ace Computers Ltd for $5,000. The laptop was acquired for use by the auditing staff of Peng & Lau during the times when they are working at the premises of clients of the firm. A term of the contract between Peng & Lau and Ace Computers provides that the liability of Ace Computers in relation to any defective computer is restricted to the cost of repairing the relevant defect(s). Soon after the laptop is acquired, it is discovered that, because of faulty wiring, users of the laptop receive an electric shock if they use the laptop while the batteries of the laptop are being recharged. One consequence of this problem with the laptop is …show more content…
At the time of hiring, the Hospital Manager enquires about maintenance of the machine and is told that the Hospital is responsible for all maintenance during the period of hire. At the same time, the Manager is presented with a three page typed document for signature. The Manager only reads parts of the document. One clause that the Manager fails to read states that: ‘Any maintenance must be carried out by Zapit Ltd. Strict compliance with this condition is of the essence in this contract.’ Southern Cross Hospital maintains the X-ray machine using its own maintenance staff. The staff in question are highly skilled and are able to carry out maintenance of this nature. When Zapit hears of the Hospital’s actions, it notifies the Hospital that the contract is terminated and demands that the machine be returned immediately. Southern Cross Hospital is unable to find a replacement machine at such short notice and wants to know if it has to return the Zapit X-ray. Would your answer be different if: • • the Manager had read the document in full? the Manager, in response to the enquiry about maintenance of the X-ray, is told by a secretary at Zapit: ‘I’m not totally sure, but I think that it is the responsibility of the Hospital.’?
2
Question 4 Jim runs a small transport business in Melbourne. One of his best customers is ABC Ltd, which operates a chain of retail stores throughout the Melbourne CBD. ABC uses Jim to transfer
The progressive era was an era of reform. At the time monopolies controlled production of what they produced. American industrialization was based on the free enterprise system, where people have the right to make their choices in what they work, buy, or make. Businesses used the free enterprise system to their advantage and used their own resources to compete with other businesses and focused on the needs of the consumer to make greater profit. Some businesses used different tactics to drive other businesses out and strove for greater labor with least pay. Eventually, the progressive movement would create the turning point of the century and restore
This report is dealing with the case of ACME Electronics vs. Otto Gunter. Gunter purchased a computer from ACME Electronics in 2002. In 2004, the hard drive crashed and he brought it in to ACME Electronics to have it replaced, as well
This case study analyzes the experiences of Courtland Kelley at General Motors (GM). Courtland Kelley a third generation GM worker put his job on the line by pushing the GM managers and executives to fully respond to the safety issues found while working as a safety inspector at the company. Kelley along with his supervisor Bill McAleer first discovered the issues while auditing GM cars at rail yards across the country, a spot check of vehicles before the cars were cleared to be delivered to the dealers. McAleer was taken off the audit as a result, who subsequently sued the company seeking whistle-blower protection. The case was eventually dismissed by a judge in favor of GM. The judgement only increased Kelley’s
Discuss what is meant by the term “customer orientation”. Illustrate with examples how companies demonstrate their customer orientation by reference to at least two elements of the marketing mix.
As we are constantly exposed to mass media and popular culture in our modern society, the insidious nature of consumerism has allowed it to penetrate into every aspect of our lives, dictating our very beliefs, values and wants. Nearly every individual in our society subconsciously conforms to the shallow and superficial mindset that characterises our consumerist culture. This idea is highlighted by the following texts; the poem “Enter without so much as knocking” by Bruce Dawe, an extract from the sermon “The Religion of Consumerism” delivered by Peter House, the poem “Breakthrough” by Bruce Dawe, and the
The first commercial I chose is from Sweden, and aimed at a Swedish audience, however aside from statistics, the information given to us could be presented anywhere in the world. The commercial begins showing an obviously European hillside with grazing sheep and then cuts to a quaint pub at twilight, soft light from the big windows glowing orange against the blue tint of the nighttime scene, a slow piano melody is heard in the background. The narrator’s voice starts speaking, in a thick cockney accent saying” For six generations, the house of Taman has created an exceptionally smooth experience” the scene cuts to the inside of this cozy pub. All the patrons are dressed in sweaters with scarfs and there is a civil, almost idyllic look to everyone. There is a fire in the fireplace, everyone is smiling and everyone is holding a drink and saying hi to
What is a Veteran? According to Title 38 of the Code of Federal Regulations, a Veteran is “a person who served in the active military, naval, or air service and who was discharged or released under conditions other than dishonorable.” This definition clarifies that any individual that has completed a service for any branch of the Armed Forces classifies them as a Veteran, as long as they were not dishonorably discharged. Veterans also have different classifications, which help identify their Veteran Benefits. Our nations Veterans deserve the highest quality care. The US Department of Veterans Affairs (VA) operates more than 1700 sites and provides 8.76 million Veterans annually. Veterans have served their country, provided a service to protect and fight for our country, they have given up their freedom to provide the US citizens Freedom. These are our heroes of today and our Veterans of tomorrow. Once these courageous men and women are back on US soil they should have somewhere to turn to for health care (Norcross 2015). Currently there have been some issues regarding the Health care that our Veterans are receiving.
This document represents The i-Fusions Consultant’s Report on BRITA. The company’s current business situation is analysed and various options for action considered. The report aims to identify a clear marketing strategy for Brita in order to address the current issues facing the company the associated falling sales.
What is a monopoly? According to Webster's dictionary, a monopoly is "the exclusive control of a commodity or service in a given market.” Such power in the hands of a few is harmful to the public and individuals because it minimizes, if not eliminates normal competition in a given market and creates undesirable price controls. This, in turn, undermines individual enterprise and causes markets to crumble. In this paper, we will present several aspects of monopolies, including unfair competition, price control, and horizontal, vertical, and conglomerate mergers.
Whoever said money can’t buy happiness? Today, the argument can be made that happiness and consumerism are directly linked. It is fair to say that happiness is a relative term for different people. However, the obtaining of new and shiny things has become such a part of everyday life, that it provides happiness when people are purchasing something new, and causes sadness when no buying is taking place. For many, it seems to be a protective coating against the harsh realities of everyday stresses from a job, or family life.
1. Analyze the fast food industry from the point of view of perfect competition. Include the concepts of elasticity, utility, costs, and market structure to explain the prices charged by fast food retailers.
Pleasant Valley Recreation Center, hereinafter referred to as Pleasant Valley, is an old family bowling alley that introduced the sport of bowling to the blue ocean community of Altoona, Pennsylvania. According to the plaque and picture on the wall, Pleasant Valley opened in 1945 with just six bowling lanes. Under the ownership of Robert Di Ventura Sr., Pleasant Valley expanded its bowling alley to 32 lanes, installed automatic pin setting machines, innovated to computerized scoring, added an arcade, built a large snack bar, opened a separate lounge for alcoholic beverage purchases, and transformed the floor beneath the bowling alley into a complete restaurant for fine dining. The bowling alley also includes a pro shop to sell equipment and drill bowling balls. Despite the many impressive additions, the company’s claim to fame is still bowling. League bowlers once flooded the establishment every evening, and families frequented the lanes for the many special offers and promotions. When the owner unfortunately passed away in 2001, his son soon took over the company in 2002.
In the past and in many jurisdictions, the banking industry has been exempted from the full rigours of competition policy, owing to concerns that competition in banking might be harmful to the stability of the financial system. Critically evaluate the rationale for such an exemption, and examine developments in thinking concerning the application of competition policy to financial services following the financial crisis of the late-2000s.
the same as that of the commercials. This proved to be true with "Profiler" and
In economics, some classical liberals believe that ‘’an unfettered market’’ is the most efficient mechanism to satisfy human needs and channel resources to their most productive uses. The minimal government advocacy of an ‘’unregulated free market’’ is founded on an ‘’assumption about individuals being rational, self-interested and methodical in the pursuit of their goals. Adam Smith was not an advocate of pure capitalism. Adam Smith allowed for many exceptions to a strictly free-market economy. The classical liberals advocated policies to increase liberty and prosperity. They sought to empower the commercial class politically. They abolish royal charters, monopolies and the protectionist policies of mercantilism to encourage