4 homework questions on business law and policy

Question #1 Business policy

If a company has $1 million to spend on a new strategy and is considering market development versus product development, what determining factors would be most important to consider? Explain your reasoning.

Question #2 Business Policy

n this unit, we discussed the concept of market segmentation, which is defined as product positioning that subdivides the market to target specific customers. Identify a product that you have seen with either effective or ineffective market segmentation. Explain what makes the market segmentation effective or ineffective.

Question #1 Business law

Susan, a wealthy widow, invited an acquaintance, John, to her home for dinner on a specific date at a specific time. John told Susan that he would be delighted to come to dinner and, eager to impress Susan, spent lavishly in preparing for the evening. His purchases included a new blazer, new shoes, and expensive floral arrangement, and champagne as gifts for Susan.

At the agreed upon time, John arrived at Susan’s house only to find that she had left for the evening. John went home and sent Susan an email saying that he came for dinner but she was not home. The next day Susan sent Jonathan an email saying that she was sorry that she had forgotten the dinner and had gone to the theater with friends.

Assume that the facts given are admitted and not in dispute.

John wants to sue Susan to recover damages. Can he? Are all of the elements of a contract present in this case? Is there consideration? Don’t be distracted by the silliness of the situation. Concentrate on the questions related to contract

Question #2 Business law

Charles was a farmer who farmed 600 acres of land. Charles entered into a hand-shake contract with 4H Grain Company. The agreement called for Charles to sell 20,000 bushels of corn to 4H in October, when Charles’ corn crop would be harvested. The agreed price was to be $1.00 per bushel or $20,000. That amount was to be paid to Charles when he delivered the corn to 4H.

Unfortunately, there was a rain storm during the summer that damaged Charles’ corn crop, and part of the corn crop failed. Because of that failure, Charles was only able to offer 9,000 bushels of corn to 4H in October. 4H refused the offer of part of the amount that was to be delivered by Charles and sued Charles for breach of contract to deliver corn. There is nothing in the contract that addresses this situation.

Assume that the facts given are admitted and not in dispute.

Is there anything that Charles can do to avoid breaching the contract? Does Charles have any defenses to breach of this contract? Who should win? Why?

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