University bookstore Research Paper Example | Topics and Well Written Essays - 1250 words

University bookstore - Research Paper Example The university bookstore has been in operations for the past fourteen years, the presence of the book store has been of significance for the university as well as the students due to the fact that it has been providing academic material as well as computer supplier.Due to the fact that the computer supplies are in more sdemand during he intake season usually during the fall season or the proceeding summers. The demand arising due to the usual intake of students as well as the accumulating demand over the previous intake, causes the operations of the bookstore are affected unusually. Arising primarily from the scenario that the orders for he computer comes through out the summers aside from that of that of the sophomores or the newly admitted, the competitive advantage maintained by he book store has been due to the bottom-line prices charged by he sore. Hence, considering the fact that the book sore is charging such low prices, as the profit base and keeping in view that if the store orders to many supplies, the cash reserves become very low, besides that storage concerns have to be accounted for as well. The quantity demanded by the students for the computers also determines the number of employees to be hired for the installation to take place.It would be most appropriate to mention that the forecasting models despite the comparison of relative accuracies remain models to forecast. Hence, their accuracies remain subject to the actual outcome of the event they forecast. As a consequence, whether it is through the means of Linear Equation, Seasonal Indexes or Smoothing Techniques such as Averages, they remain subject to the risk involved from the aspect of actual outcome. University Bookstore Computer Sale Data Table 1: The Sales for University Bookstore Student Computer Purchase Program Year 1 Computer Sold 518 2 651 3 708 4 921 5 775 6 810 7 856 8 792 9 877 10 693 11 841 12 1009 13 902 14 1103 The above data has been provided in the form of a diagram on the next page, since the raw data in itself would prove to be discerning. A graphic representation is a more appropriate alternative to examine the trends in the quantity of the computers sold. The diagram

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

Business law - Essay Example Moreover, her offer was published in a local newspaper, read by a large group of persons. Cheryl’s offer is unilateral as she â€Å"promised† in her advertisement to sell her minibuses to anyone who will pay  £15,000. Therefore, Cheryl made a legal conditional promise. On the other hand, there is the possibility, as it happened in Cheryl’s case, that more than one person will become interested in her offer and will be willing to accept it. Thus, it is necessary to clarify, judging by each person’s actions, who has the right to enter into a contract with Cheryl. The general rule of acceptance of an offer resulted from the case of Holwell Securities V Hughes 1974, where it was stated that the acceptance of one’s offer must be communicated to the offeror by the person that is accepting the offer in any possible way. Of course, the manifestation of the acceptance must be exteriorized, so that it is understood by the offeror. Moreover, the manifestation of accepting the offer must be linked to the offer itself and the offeror must receive the acceptance. There are several manners of accepting an offer: in written form, orally or by mail. In order to understand if Cheryl has a contract with any of the accepting parties, their manners of acceptance must be analyzed. The first person – Britney – told Cheryl she would let her know within the following week whether or not she would purchase the minibuses. The following week Britney accepted the purchase price of the black minibuses for  £15,000 by speaking to Cheryl directly. In the meantime, Cheryl made an offer via an e-mail for a reduced price of  £12,000 to her friend Amy, who agrees to purchase the minibuses on the condition that they are re-sprayed white. So, Amy made a cross offer, stating that she would accept Cheryl’s offer if this condition was respected. In the case of Tinn v Hoffmann & Co (1873) 29 LT 271 it was shown that cross offers do not lead to a binding