Operation and finances Research Paper Example | Topics and Well Written Essays - 1000 words

Operation and finances - Research Paper Example The price of the product must always be in consistence with the fixed price within the area. There is a need for the company to identify the fixed price of the product so that it finds ways of adapting their operation to the prices without realizing losses (Handlechner, 2008). Further, the company would need to determine the correct discount value that they should be offering on their products. Identifying the right place for marketing is beneficial because it would determine the number of the customers that would be buying the products. The company would have to identify the strategic places where the customers will assess the product easily. The business would have ease in establishing the effective distribution channel after determining the right place. It would also have to determine and study the competitors within the place of establishment. Studying the competitors will help in identifying the weakness of the competitors subsequently looking for the better way of outcompeting the m in the market. Identifying the place would also help the business in determining whether they would use a sale force or the trade fairs depending on the customers residing in the place. Determining a suitable sales strategy involves a company determining the suitable plan of making its product gain a competitive advantage. The company would focus on the identifying a sales strategy that help the sales in focusing the target market. Since the company is still new in the market, the best selling strategy in the market will be direct selling (Handlechner, 2008). This is because the business would have to identify with their customers before introducing their products and services in the market. The indirect selling is not suitable since it will involve analysis of the competition that will be unnecessary to the business. It will only need indirect selling once it has established itself in the market and have enough

Business Law Essay Example | Topics and Well Written Essays - 1500 words - 7

Business Law - Essay Example It was thus making an offer of its product to firm of Taite, Lewis and Co, at a particular price each model specification is also spelt out in the brochure. Sagay, I.E., (1993) defined an offer in his book, Nigerian of contract as â€Å"†¦ a definite undertaking or promise made by one part with the intention that it shall become binding on the party making it as soon as it is accepted by the party to whom it is addressed†. Whizz PC Ltd becomes the offeror and Taite, Lewis and Co becomes the offeree. A contract comes into existence only between the offeror and the person or persons responding to the offer and accepting it. This principle was declared in the famous case of Carbolic Smoke Ball Co v. Carllil1 by brown, L.J., is now expressed by stating that an offer can be made not only to an individual or group of persons, but also to the whole world. In the case2, defendant had argued that no contract could arise from their advertisement because you cannot make a contract with the whole world. This argument the court demolished by stating as follows: For an offer capable of becoming binding on acceptance, it must be definitely clear and final. If it is merely a preliminary move in negotiation which may lead to a contract, it not an offer but an invitation to treat. This was the case when Whizz PC Ltd sent its brochure to the Taite, Lewis and Co firm. The offeror must not â€Å"merely have been feeling his way towards an agreement not merely initiating negotiations from which an agreement might or might not in time result†3. On 27 of January, the partners of Taite, Lewis and Co wrote to whizz PC ltd placing an order for 20 of the whiz 4000 PCs stipulating that the price of 500 Pounds must include installation and a 24 months onsite repair/troubleshooting service. The firm of Taite, Lewis and Co, stated that it will pay for the supply if machines 60 days after the date of the delivery. In the invitation of treat sent by