Hasbro used to manufacture a toy called "Wonder World Aquarium". The toy included a powder that, when mixed with water, formed a gel that filled a plastic aquarium. Children could then place plastic fish in the aquarium and create underwater scenes. Cloud Corporation supplied the powder to Hasbro. The toy sold poorly, and Hasbro’s need for the powder diminished,The two companies discussed changing the powder’s formula. Cloud believed the conversation amounted to an indication that Hasbro would continue to buy powder, so it produced large quantities. Although it did not receive an order from Hasbro, Cloud sent an order acknowledgement for 9.5 million packets to Hasbro. Hasbro made no objection to it.

Did the order acknowledgement create an enforceable agreement? What specific facts determine your answer?

Answers

Answer 1
Answer:

Answer:The acknowledgement order from cloud to Hasbro has most likely created an enforceable agreement

Explanation:An acknowledgement order is a letter containing the specific details of a intended supply of goods ( such as price, quantity of goods,the warranty, conditions,supply date being proposed etc) from the seller to a willing buyer .

In this scenario,Hasbro had a business discussion with the seller ,Cloud ,which prompt cloud to draft and sent an acknowledgement order,this order can be inffered to have been received and accepted by Hasbro since there was no objection to it.

The contract is binding on Hasbro as it stands except if some of the conditions agreed upon when the initial business meeting was held were different from the one on the acknowledgement .

Answer 2
Answer:

The above order acknowledgment created an enforceable agreement.

What is the case about?

Whether the order acknowledgment creates an enforceable agreement is that  based on this case, C Corporation and H are regarded as merchants. The order acknowledgement is said to be a form of an implied contract between two companies. So, the order acknowledgment forms an enforceable agreement.

The law has its provisions in the case of order acknowledgement when countersigned by the buyer is said to be a kind of typical sales contract.

In the Hasbro and cloud case, As per the states of the contract that is of the contract law, the order acknowledgement when countersigned by the buyer is said to be a sales contract.

Conclusively, enforceable agreement is known as an order that is acknowledge.

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b. False

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The right answer for the question that is being asked and shown above is that: "TRUE." The exclusive control of the production of a certain good by a business is known as a monopoly of that commodity. This statement is true as far as the exclusive control is concerned.

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Answers

Insurance products & services
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Answers

Here are effects of financial irresponsibility: It includes having endless debts, it could cause a business to fail, and also, it can leave you in bankruptcy. Other effects include loss of your other belongings like your house because of debts and many more. These are just examples. There are endless effects when you handle your finances irresponsibly. 

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Answers

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The Commerce Ministry of a country conducts regular surveys on goods and services sold within the country. Researchers at the Ministry study consumer behavior through the choices the consumers make while deciding what to buy. Their report on the industry for beverages last year indicated that the price elasticity of demand for fruit juices in the country was​ -0.8, while the price elasticity of demand for a particular brand called Fruit Drops was​-1.2. According to the​ report, an average consumer spends about 1 percent of his monthly income on fruit juices. A student of​economics, Julio, however feels that the current price elasticity of demand for Fruit Drops is actually higher than​ -1.2, based on his own experience in purchasing fruit juices.   Which of the​following, if​ true, would support​ Julio's view that the price elasticity of demand for Fruit Drops is​ higher?A. The average income level of consumers has increased this year as compared to last year.B. The company that manufactures Fruit Drops also produces a variety of other goods.C. Three new brands have been introduced in the market for fruit juices in the last month.D. The management of one of the leading competitors of Fruit Drops was recently accused of manipulating profit figures.E. Fruit Drops is a very popular brand of fruit juice in this country.

Answers

Answer:

The correct option is C.

Explanation: Price elasticity is the measure of the rate of change in the level of quantity demanded due to a change in the level of price.

Price elasticity is usually negative, this means that it follows the law of demand; as price increases quantity demanded decreases.

Also, another incidence that can affect price elasticity is an availability of cheaper alternatives. If cheaper alternatives of a particular product are introduced into the market, the demand for that product will reduce, because consumers will abandon it for its cheaper alternatives, thereby driving the elasticity of that product higher.

Therefore, in the scenario given above, the elasticity is higher than -1.2 because there are new brands that have just been introduced into the market.

Tinder, the mobile dating app, is competing for market share with Match among college students. In its promotional messages, Tinder claims that it connects singles faster and cheaper than the competitor. Tinder is using _____ in its product positioning for college students. A. Points of Parity B. Compatibility C. Mass Customization D. Mass Marketing E. Points of Difference

Answers

Answer:

E. Points of Difference

Explanation:

Point of Difference (PoD) are factors of products or services (in this case, dating services) that stablish differenciation with competitors with the goal of increase bran loyalty as the consumer see their benefit increased.

While Point of parity, (PoP) are associations not unique to the brand but at equal level as the competitor.

As the statement assume Tinder is faster and cheaper than Match it stablish differenciation points.

Dating App positions itself among college students using Points of Difference (POD), emphasizing its ability to connect singles faster and at a lower cost than Match. This strategy highlights unique features to set it apart in the competitive dating app market. Hence, option E is correct.

Dating App is using Points of Difference (POD) in its product positioning for college students. Points of Difference refer to the unique and distinctive attributes or benefits that set a brand apart from its competitors. In this case, it is emphasizing its ability to connect singles faster and at a lower cost compared to Match, thereby positioning itself as a more efficient and economical choice for college students.

It's messaging suggests that its platform offers a quicker and more cost-effective solution, highlighting features or benefits that it believes are not matched by its competitor. By focusing on these unique selling points, it aims to create a perception of distinctiveness and superiority, hoping to attract college students seeking a convenient and affordable dating experience.