Discuss the requirements of promissory estoppel.
What will be an ideal response?
Promissory estoppel is an equitable remedy that requires the plaintiff to establish that the defendant made a promise upon which plaintiff relied and the only way to avoid injustice is to enforce the promise. This doctrine allows courts to enforce a promise even when there is no contract.
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Sales analysis research is a type of problem solving research
Indicate whether the statement is true or false
Anton Valve Company produces a mechanical valve used in water systems. Three years ago the company introduced an electronic version of the valve. Sales of the mechanical model have steadily declined, and the company will report a loss on the product this year as follows:
If production of the mechanical valve is discontinued, product-level costs will be eliminated but facility level and corporate costs would not be affected.Required:1) Prepare a quantitative analysis that indicates whether the valve should be discontinued.2) What qualitative factors should be considered in this decision?
What will be an ideal response?
The sum of the price and usage variances will add up to the total materials variance regardless of whether the materials purchased is equal to the materials used
Indicate whether the statement is true or false
The two-way flow of communication between a salesperson and a customer that is paid for by the firm and seeks to influence the customer's purchase decision is referred to as
A. advertising. B. publicity. C. sales promotion. D. public relations. E. personal selling.