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Supply chain as connected supply and demand curves. In microeconomics, supply and demand is an economic model of price determination in a market.It postulates that, holding all else equal, the unit price for a particular good or other traded item in a perfectly competitive market, will vary until it settles at the market-clearing price, where the quantity demanded equals the quantity supplied ...
Firm offer; Consideration 1,4; Implication-in-fact; ... the implied covenant of good faith and fair dealing is a general presumption that the parties to a contract ...
A Hobson's choice is a free choice in which only one thing is actually offered. The term is often used to describe an illusion that choices are available. The best known Hobson's choice is "I'll give you a choice: take it or leave it", wherein "leaving it" is strongly undesirable.
An organization's deal flow is considered "good" if it results in enough revenue- or equity-generating opportunities to keep the organization functioning at peak capacity. For private consultants to high and ultra high net worth individuals, deal flow is called deal generation , which is the process of making deals with a business as the result ...
The degree to which a good has a perfect substitute depends on how specifically the good is defined. The broader the definition of a good, the easier it is for the good to have a substitute good. On the other hand, a good narrowly defined will be likely to not have a substitute good.
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Fans of Despicable Me will appreciate this feel-good prequel, which offers some fascinating insight into where the yellow creatures come from and how they crossed paths with Gru. There are plenty ...
Antichristus, [1] a woodcut by Lucas Cranach the Elder of the pope using the temporal power to grant authority to a ruler contributing generously to the Catholic Church. Quid pro quo (Latin: "something for something" [2]) is a Latin phrase used in English to mean an exchange of goods or services, in which one transfer is contingent upon the other; "a favor for a favor".