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Serena works and displays her paintings in a local gallery. Ivette sees her work and is particularly interested in a seascape painting. Ivette tells Serena that she really likes the painting. Serena tells Ivette to “Make me an offer”. Ivette leaves, saying she’ll be in touch with Serena later. A few days later, on June 3, Ivette sends Serena a letter offering her $40,000. Serena receives the letter on June 5. Serena writes back on June 6, saying $40,000 is a bit low and proposes a sale price of $45,000. Ivette receives this letter on June 8. Ivette thinks it over and decides $45,000 is a fair price. Ivette sends a letter on June 10 accepting the $45,000 price. Meanwhile, Serena decides she really deserves $50,000 for the painting. Serena calls Ivette on June 11 to tell her the offer of $45,000 is revoked and she is now setting the price at $50,000. Serena receives Ivette’s acceptance letter on June 12. All of the answer choices are correct. Serena’s letter to Ivette on June 6 becomes effective as an offer when Ivette receives it on June 8. Ivette’s letter to Serena on June 10 becomes effective as an acceptance when Ivette mails it on June 10. Serena’s phone call on June 11 is immaterial because there was already a valid contract at that point.
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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