...Abstract This report will expound on contracts and agreements by explaining about offer and acceptance, along with agreement and enforceability at law and how it affects persons involved. One can be easily mislead if they are not aware of rights and obligations, misconception or misinterpretation can result in lawsuits. It will talk about advertisement and the perception of the viewers, as well as the legal obligations of the advertiser and customer. Deals Too Good to Be True In this report, we are looking at a case involving a Seattle man who took a soft-drink company to court to resolve a case of what he thought to be underhanded by a soft drink company. He was challenged in the commercial to achieve a goal and as a result of reaching that goal, he would be rewarded with an extravagant gift, a Harrier jet. As the goal is achieved by this man, the company that advertised states that it wasn't meant for someone to actually take up the offer therefore there won't be a payout for his effort and time. This caught the man "off guard" who truly thought the advertisement to be true and after his hard work to accomplish what they asked thought that the company should indeed give him the Harrier jet, a famous high-tech jump jet used by the U.S. Marines. The key legal factors present in the scenario are what are enforced by the Federal Trade Commission, the truth in advertising Act. The act is in place to keep out of the...
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...salesperson on FirstAmerica Bank's trading floor is assisting a top salesperson, Linda, on a deal to finance the construction of a new cruise ship for Poseidon Cruise Lines. While the terms of the deal are being worked out, he realizes Linda has taken advantage of the Poseidon executives' unfamiliarity with complex financial structures to build an outrageously high profit margin into the deal. When the executives become suspicious of the prices FirstAmerica is quoting, Linda asks the protoganist to send them an intentionally misleading fax so that the deal will not be held up. Holding the personal belief that "before a blind man you shall not put a stumpling block," he does not know if he can bring himself to send the information. Back ground: One guy ( Mr. Big as assumed name ) had been worked on the FirstAmerica Bank’s main trading floor in New York, Specialized in cross-currency interest rate swaps as an assistant manager. March 1986 At work he worked with 3 vice president and especially Linda who has a extremely volatile and hot temper, but she was good at her work to pursuing new business, close the deal and ensuring that she received full credit for any profitable transactions. On September 1986 he start working with Linda and get use to her style. Then start working with Poseidon Cruise Lines that deal with FirstAmerica’s Bank, mostly 20-30 million transaction. But the new deal to build the most luxury French cruise. The cost of Poseidon Cruise will be 700 million...
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...DIGITAL GOODS Groupon: Deals Galore CASE 1 (a) The Real Deal With Groupon VIDEO CASE Systems URL http://www.youtube.com/watch?v=tgeh607ZXA0; L=12:42 (b) Introducing Groupon Now! VIDEO CASE URL http://www.youtube.com/watch?v=Vgk1YfInZoM; L=1:55 continued Chapter 10, Case 1 Groupon: Deals Galore 2 SUMMARY: Groupon is the leading daily-deals site on the Internet, with nearly 50 million subscribers. In 2011 it was the fastest growing company in the history of the Internet, but in 2012 it imploded to be one of the fastest falling stocks on Wall Street. Groupon Now! is a Groupon location-based service that finds local deals you can buy and use immediately using your mobile phone. It is one of several new initiatives from Groupon as it seeks to expand beyond the vulnerable daily-deals marketspace. CASE Groupon’s business model is based on the theory that everyone loves a great deal. Groupon is a popular “deal of the day” Web site offering discounted gift certificates usable at local or national companies. Each day Groupon e-mails its subscribers discounted offers for goods and services that are targeted by location and personal preferences. Consumers can also access its deals directly through its Web sites and mobile applications. Customers purchase Groupons from the company and redeem them with affiliated merchants. The discounts are huge—usually 50 to 90 percent off. But there’s a catch: A deal becomes...
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...Does Groupon have a loyalty or reward program for its regular customers? You can earn $10 in Groupon Bucks whenever you refer a friend to Groupon and they buy their first deal. To accumulate and redeem Groupon Bucks, you must create, and maintain in good standing, a Groupon customer account registered with a valid credit card. What sort of warranty does Groupon offer its customers?Tickets purchased through Groupon are only refundable on the day of purchase. Please review their Extraordinary Events Policy for details on refund exceptions.Details about GrouponLive and Ticketed Events are listed here.Unless a deal's fine print states otherwise, any unredeemed, unprinted Groupon may be returned within the first 7 days after purchase. In other cases where a Groupon is not redeemed, returns are evaluated on a case-by-case basis. After the expiration date on a Groupon, it should still be used at the business for the amount paid, which never expires. * If Groupon sells items directly to you, the answer is usually yes. * Unless otherwise stated, returns are permitted on item(s) purchased directly from Groupon Goods within 14 days of receipt. * Beauty products, food, beverages, and perishable items or items marked "final sale" are not returnable Are customers allowed to purchase Groupon deals for areas other than what appears under their own city selection?Yes, you can. There is an area at the top of the home screen on the website where you can enter a different zip code...
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...What is Groupon? Groupon is a company that offers “group coupon” in deal of the day offering for local or national businesses such as local restaurants, stores, services, events and travel packages products. Background Groupon found by Andrew Mason. Groupon was launched in 2008, and the first market was Chicago, followed soon by Boston, New York City and Toronto respectively. It is also one of the fastest growing technology companies of the decade. By October 2010 Groupon was available in 150 cities in North America and 100 cities in Europe, Asia and South America, and had 35 million registered users. By the end of 2015, Groupon served more than 500 cities worldwide, nearly 48.1 million active customers and featured more than 425,000 active deals globally. Our Mission To connect local commerce, increasing consumer-buying power while driving more business to local merchants through price and discovery. Our Values Start with the Customer We’re always imagining new ways to exceed the expectations of all our customers—both consumers looking for great experiences at a great value and merchants seeking solutions to attract more customers and run their businesses better. Our deals and business tools connect the two in a seamless way that brings significant value to both their lives. Great People Make Great Companies We’re a home for creative, problem-solvers, and innovators alike—those with the passion and know-how to transform what-about into the products...
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...I have already had the good fortune of experiencing a great deal at Norton. My first week consisted of tours of the various laboratories at Norton and affiliate hospitals, daily meetings with my preceptor to get a profound understanding of my project, and information about the internship program. I have been given different opportunities to take part in lab projects but my main project deals with standardization. Currently, Norton has approximately 110 physician practices. Nearly 80 of these facilities perform in-house lab testing. My project will deal with collecting data on the types of tests each office conducts in house, weekly volume, which vendor is used, and what analyzers are located in the facilities. Once the spreadsheet is compiled, a team of laboratory experts and myself will go through the tests to set criteria on which test is allowed to be done in-house and which tests need to be sent to the CPA lab or the Ancillary Lab. From this project, I will be able to determine the expenses and reimbursement rates to help vet the test menu. The intern program also consists of weekly “Coffee Clutches”. This one-hour sessions gives us the chance to meet and mingle with Norton Administrators. The first week, we met the Rev. Ron Oliver. He talked a great deal about work-life balance and how to embrace opportunities. The next week, we met Al Cornish, the Chief Learning Officer. During this meeting, we learned about the importance of learning and the free benefits to employees...
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...Jonas Best 2014400633 China Roots Seminar -‐ Reflection paper China’s outbound M&A: Explaining the low success rate In recent years Chinese companies started to increasingly engage in M&A with foreign companies. China’s foreign currency reserves are the highest in the world and acquiring foreign targets is part of the PRC’s plan to reduce its current account surpluses. M&A is the preferred way of globalization for Chinese companies. Despite that, M&A with Chinese acquirers are often unsuccessful and the failure rate for Chinese acquirer exceeds the global average for cross border M&A significantly. The overall failure rate for cross-‐border M&A with emerging market acquirers is 8%, whereas the failure rate for cross-‐border M&A with a Chinese acquirer is 15% according to a study of Hawn (2013, p.95). In addition to that, there are various studies that...
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...started a website that offered coupons to large groups. The result was Groupon, a company that offers “group coupons” in deal-of-the-day offerings for local or national businesses. Consumers love the concept, buying everything from restaurant certificates, to yoga lessons, to tickets to a museum exhibit. “We think the Internet has the potential to change the way people discover and buy from local businesses,” says Mason. THE COMPANY AND GROUPON CONCEPT Mason started with a website called ThePoint.org, which was designed to organize campaigns, protests, boycotts, and fund-raising drives for important social issues. ThePoint was not successful but it provided the concept of making offers that are only carried out if enough people commit to participate in them. With that idea Mason launched Groupon in October 2008 with a two-pizzas-for-the-price-of-one offer at the Motel Bar, located in the same building where ThePoint rented space. The concept quickly grew in Chicago and Groupon expanded into other U.S. cities and then into other countries. Today Groupon is available in 375 American cities and 48 countries, and its subscriber base has grown from 400 in 2008 to 200 million today. In its fourth full year of operation, Groupon generated $5.4 billion in gross billings. Part of Groupon’s success is the simplicity of its business model—offer subscribers at least one deal in their city each day. The unique aspect of the concept is that a certain number of people need to buy into the offer...
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...is less capable of handling conflicts domestically than on her job. The mother is bereavement counselor, and it is suggested numerous times that she needs to distance herself from her job when she’s at home. She has difficulties dealing with the constant intrigues between her daughters. She tends to take Rachel’s advantage, because she’s the tidy and conscientious one while flora is a mess and desperately trying to get her mother’s attention. (…)It made her feel taller, braver, cleverer, and Rachel was all those things already(…)The mother neglects her children and is not willing to deal with their problems. This obviously had an effect on the two sisters and in particular on Flora. The mother deals with her client’s problems and issues professionally and therefore she has a great need of a safe and loving environment, when she’s of work. She needs to outdistance the client’s problems and deal with her own problems instead. The children’s perpetual fights are too much for her to dealing with. (…)All day she had sat tearful needy people. It was her birthday, and she wanted to relax. She wanted to feel loved(…) In the end her neglect of her daughters leads to her “loss” of not only Rachel but also Flora. She involuntarily pushes her daughters away from her by not dealing with their disputes. The relationship between the two sisters is mostly characterized by...
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...Ethics At Airbus 1) In each of the cases described above who benefits and who suffers from the alleged ethical and legal lapses of Airbus? Ans – When we observe across cases, its mostly the state and the airline company who is at loss due to these legal and ethical lapses Airbus – Sabena Case: As long as Van Espen’s case does not prove anything against any party, Airbus has gained significantly from the deal as it would have earned around $5bn order from the deal. The party which suffered significant loss should be the state as the Belgian government had 50.5% stake KAC – Airbus: Airbus gained a much needed order bill of around $1.1bn and possible order of $0.9bn, the employees of KAC Mr Al Mishari and its subsidiary ALAFCO, Dr. Mallalah & Mr El Fekih possibly would have earned (only a possibility) whereas the state of Kuwait higher costs, lost cash, earned higher depreciation costs and probably had to write-off it off India Inc. & Airbus: Airbus like all other cases earned the order book despite Boeing offered a deal to the Indian government $140mn cheaper. The state and eventually the airline paid $140mn more, raising its depreciation costs, debt service costs and got hold of carriers which were not properly tested thus risking the life of passengers Across cases observed, Airbus has been smart enough to save itself a persecution almost anywhere and has got large order books worth billions of dollars acquiring half of the market share but if Airbus is found...
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...e-commerce does Groupon Now! utilize? * Ubiquity: Groupon now offers local deals at any moment of the day. * Global Reach: Groupon features a daily deal on the best stuff to do, see, eat, and buy in 48 countries, and soon beyond (read: Space). We have about 10,000 employees working across our Chicago headquarters, a growing office in Palo Alto, CA, local markets throughout North America and regional offices in Europe, Latin America, Asia and around the world. * Interactivity: Since the payment information is saved with the Groupon account you can just tap on a deal to purchase it. The app will give you a scannable barcode that the shop offering the deal can read using the Groupon NOW app. * Personalization and customization: Groupon personalizes “deals” for users who supply some information about themselves, such as their zip code, gender and age, and it will make sure you see the deals most relevant to you. * Information density: Groupon now share with the user many promotions according to the place, so the user can compare options and select the one he likes more. * Richness: If the user finds a deal he or she likes, that person “buys” the deal online via Groupon. The user can print the voucher or bring it up to display on a mobile device. 2. What value does this service provide subscribing merchants? What value does it provide customers? SUBSCRIBING MERCHANTS * A deal in Groupon becomes available only if a certain number of people sign up for...
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...impossible to deny that majority of population is stuck in a boring routine and would love to explore different things. In addition to that the world is more and more “online”, so it became logical that creating a website/app to help people find attractive and cheap deals to have fun would be a success! They solved a really complex problem, which is engage with local customers so it’s possible to adapt Groupon to local communities. 2) What is the Groupon promise? How does the Groupon Promise affect a consumer’s perceived risk and cognitive dissonance? According to Groupon’s founder, his company promise is: “Any costumer can return a Groupon, no questions asked - even if they used it - if they feel like Groupon has let them down.”. Giving to consumers the opportunity of “returning” a coupon even if it was used without any questions reduces post purchase anxiety or tension. Some studies shows that satisfaction affects consumers chances to repeat a purchase of determined brand. With that in mind it became possible to affirm that consumers feel secure about their purchase due to Groupon’s return policy. 3) Describe the five-stage purchase decision process for a typical Groupon user. A- Problem Recognition. Groupon shows new deals (via email/notification etc) that intend to attract consumers needs, offering an opportunity to do something that is not commonly done by the consumer. B- Information Search: A Groupon offer will usually start an “internal search,” so the consumer will reflect...
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...story “Brownies” by Z. Z. Parker and the poem “I, Too” by Langston Hughes all deal with stereotypes and how the characters in each work deal with them. While differently illustrated by each author, the theme is the same: overcoming the obstacle of stereotypes. In “Trying to find Chinatown”, the main character, Benjamin, is trying to find his roots and feel a sense of belonging. On his way he stops and talks to Ronnie a street musician of Asian descent to ask for directions. Interestingly, Ronnie greets Benjamin with less than stellar enthusiasm because he calls Ronnie’s instrument a fiddle instead of a violin. Ronnie blasts Benjamin with, “If this was a fiddle, I’d be sitting here with a cob pipe, stomping my cowboy boots and kicking up hay.” (page 1825). The anger evoked in this line is strong and little does Ronnie know that he and Benjamin share similar heritages. Benjamin is not only faced with dealing with an ignorant stereotypical slur but ironically so by the very heritage he has come to embrace and is looking to find solace in. Benjamin calls down Ronnie and tells him that “it’s very stereotypical to think that all Asian skin tones conform to a single hue”. (page 1827) Despite being told he doesn’t fit the mold of an Asian American, Benjamin goes on to find his place in Chinatown and “felt immediately…a world where all things were finally familiar” (page1829). Similarly, “Brownies” deals with overcoming stereotypes but does so by the character dealing with her...
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...RELEASE: Awesomegafuntime Announces Lowest Deals Ever. Nashville, TN Awesomegafuntime is coming to Nashville with the cheapest triple play to date. This out of know where startup company founded by what the completion is calling the strong arm thugs of the communications world. Some believe that this reputation is inspired more by the business practices of the company than the ties to the mafia that it openly professes. Awesomegafuntime is pretty much making you an offer that you can’t refuse. Three services all for one price. That’s right Television, Phone, and Internet all for just 50 dollars a month. This company is coming to an area near you. They pretty much are kicking in your door with this deal. Before you know it they will have you locked down ‘on their 2 GB fiber speeds. As we all know fiber can be fragile, but the Awesomegafuntime support staff have no problem responding to check on the lines, sometimes you may even wake in the middle of the night to find one of their representatives out back digging a hole down to check the lines. When talking security Awesomegafuntime is your friend. Promising tap free service on your phone. If at any time your phone line becomes compromised they promise to take care of it… And when it comes down to entertainment Awesomegafuntime has you backed with a channel line that you would expect from a provider based out of Vegas. But hurry because you may get only one chance to get this awesome deal before it gets you. AReferences: ...
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...In 2004, Dollar Tree Stores Inc. decided to address distribution center over-utilization and overcome its operational challenges. Coming off a great year for the company, Dollar Tree’s 19% compound annual growth rate proved that the company’s strategy was working. In order to deal with the company’s over-utilization of its Briar Creek, PA distribution center, Dollar Tree should build a new 600K-square foot distribution center in Hartford, CT. This new distribution center should be built, instead of building a 400K-square foot expansion at the existing Briar Creek, PA facility, because the new facility is a more efficient use of capital investment in the long term. An analysis of specific costs the distribution center incurs support the decision to build the new plant. These costs include: • Lower outbound transportation costs as the Hartford, CT center would be closer to a portion of the stores currently located in Briar Creek’s distribution territory, thus lowering the average distance from DC to store • There is small advantage with regard to inbound costs as Hartford, CT is ~17 miles closer from the Port Authority of New York/New Jersey than Briar Creek, PA is, and thus there is a trucking cost advantage The fixed cost of building the new Hartford, CT facility is $3,751,782 versus $1,425,805 for the Briar Creek, PA expansion, as shown in Exhibit 1. While the fixed cost for the Briar Creek facility expansion is almost half the cost of that incurred by the Hartford facility’s...
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