Download file to see previous pages...
Formation and Performance of Sales and Lease Contracts
A business entity is a legal entity designed for goods and services provision to businesses, government entities and other businesses mainly predominant in the capitalist economies. The majority of the businesses are privately owned with the primary formation objective of making profits. Business entrepreneurs have as the main objective receipt and generation of financial return in exchange for work and acceptance of risk. There are other business entities not formed with the profit making objective like the cooperatives, state corporations and none profit making businesses (Heintz & Parry 7).
For there to be less conflicts in the business world, there has to be generally accepted terms of engagement. A contract is a legally binding agreement between legal persons for an exchange of services and goods that are of value. A valid contract is an emergence of a made offer that has been accepted. Using a contract in business transactions binds the engaging parties to abide by the terms as non performance of the responsibilities as per the requirements of the contract may lead to a lawsuit and payment of damages.
When the contractor makes an offer and the contracted accepts the offer, then the parties are legally bound by the terms of the contract (English, Simon & Solomon 212). When the parties involved are ad idem (meeting of the minds), then none of them can ignore the contractual obligations bestowed on him.
A business can enter into a legally binding contract when buying or providing goods or services, leases or real estate, selling of the business premise, hiring a contractor, entering into partnerships and joint ventures, franchising, non complete agreements and confidentiality agreements.
Written contracts: are generally produced on paper or electronically and are usually easier to uphold compared to
...Download file to see next pagesRead More
International market expansion is perhaps becoming the most preferred option for business organizations to grow and expand in the current age of turbulent market condition. International expansion can be carried out in licensing, franchising, partnerships and establishment of wholly owned subsidiaries and manufacturing units in the foreign nation.
The focus is usually as to how to get the sale rather than serving the customer (Johnston and Marshall, 2005). For this, the sales person require basic selling skills which include searching for prospective customers and briefing them about the benefits and advantages of the product or service rather in order to increase the sale orders volume (Ingram et al.
They all advocated for the use of written documents and cost estimations. Written documents ensure that the appropriate format to each agency is followed and that a proper criterion is adopted. DHS and NASA adopted the need to base their acquisition plans on past experiences so that unnecessary mistakes is not made in the future.
Sales Tax in Canada.The influence of government in the economy is of a great magnitude given that they issue policies and impose taxes (Bird, 2009). Taxes serve different functions in the economy and one of their critical uses is raising revenue for the government (Bird, 2009).
Sales require standard operational set ups so as to ensure maximum flow of products. The sales personnel must ensure that they adhere to such standards. Marketing may adopt any method depending on the choice of the entrepreneur. Advantages and Disadvantages of Building Customer Relationships via the Internet It is important to build customer relation through the internet since there are various advantages that come along with it.
The author states that the need for an effective Total rewards program is underscored by firms being solely dependent upon it for growth, stability and overall success. Likewise, the success of a firm that wants to have an effective sales force must use total rewards program, the size of that firm notwithstanding.
Company product line is certified by the United States Department of Agriculture.
The company has one manufacturing unit that consists of modern equipments and machineries that carry out manufacturing and formulation process in an effective fashion. The modern machineries
e moment it is gaining common language with the theology of Islam in a field of banking and finance in order to create products which are more compliant to Sharia to capture the enormous Islamic communities. It involves players at the international level and the local one as
10 Pages(2500 words)Assignment
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Term Paper on topic Formation and performance of sales and lease contracts for FREE!