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Case study: A Request for Goods or Services: Implying A Promise to PayWhen someone requests the supply of goods or services, the law—be it through common law or by applicable legislation such as the Sale of Goods Act—will imply a promise to pay a reasonable price for those goods or services. The law draws this conclusion because, in a business situation, it is the intention of the parties that goods or services are not to be provided for free, but rather are to be purchased. Implying such a term reflects what can only be the reasonable expectation of the parties and is needed to give purpose and effect to the rest of the contract. If the goods or services have already been provided but there has been no agreement on price, a term must be implied to require payment. The obligation on the customer is not to pay whatever the supplier chooses to charge or whatever the customer is willing to pay, but to pay a reasonable amount, as determined by the judge. This is known as a contractual quantum meruit, which is Latin for “as much as is merited or deserved.” Given the expense and uncertainty of judicial proceedings, it is in the interests of both parties to agree on the price, in advance, as an express term. The objective is to avoid the surprises and misunderstandings that may lead to a legal dispute.
1. Critical Analysis: Does the law’s willingness to imply a promise to pay lead to uncertainty? Why should someone have liability on a promise that she has not expressly made?
 
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Nike has been able to evolve its global presence through the careful selection of international sponsorships such as its previous long-standing relationship with Manchester United. Although sponsorship spending can be fairly unpredictable these partnerships have certainly helped the brand capture the attention of a global audience. Then Nike’s NikeID co-creation platform serves as another strategy that the company is using to appeal to international markets. By putting the power of design into the hands of the consumer, Nike is able to deliver customized products that align with different cultural preferences and styles
1. What kind of strong action can bounce back the brand like Nike from the economic downturn caused by pandemic in countries like Pakistan?

2. What kind of hurdles an international brand can face in finding healthy sponsorship in foreign countries?
3. How would you evaluate Nike’s this strategy of customized products, what is the biggest problem and the biggest perk of this kind of strategy?

 
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Think of a product or service category (NOT brand) that begins with either of the first letters in your tutor’s name (‘M’ or ‘T’ for Michelle Tustin, ‘S’ or ‘F’ for Sahar Faghidno or ‘R’ or ‘S’ for Rashid Saeed). For example, you might choose fridges, fans, financial services, or football for the letter ‘F’, movies, macaroni, mechanics or massage therapists for the letter ‘M’ or rice, real estate or refrigerators for the letter ‘R’. These are just examples. Clearly state what category you have chosen (only one required).

Use that category as your example to illustrate your answers to the following questions:

• Write a research objective for your product/service category that would be useful for a marketing manager working in that category. (10 marks)

• Identify if the research objective is exploratory, descriptive or causal in nature and explain your decision. (10 marks)

• What screening criteria could be used to help identify a potential research respondent to meet your research objective? Identify two screening criteria you might screen for. Be specific enough in your answer that it is clear what condition/s would need to be met for the respondent to participate.

 
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The extraordinary powers that Elizabeth Holmes brought to her enterprise that heightened its potential for success, or at least believability and acceptance, were:

a.

A crack team of scientists and superb integrity

b.

Superb Brand and BHAG and storytelling ability

c.

High Technology skills and a conscious ability to walk fast at all times

d.

Zen-like skills and extraordinary integrity

  1. Elizabeth Holmes founded ___________ to bring to market a new _____________ product.

a.

Xerox PARC . . . . . computer

b.

Theranos . . . . . bloodtesting

c.

GREENFIELD Robotics . . . . . Imaging

d.

ORAI . . . . . public speaking

The extraordinary powers that Elizabeth Holmes brought to her enterprise that heightened its potential for success, or at least believability and acceptance, were:

a.

A crack team of scientists and superb integrity

b.

Superb Brand and BHAG and storytelling ability

c.

High Technology skills and a conscious ability to walk fast at all times

d.

Zen-like skills and extraordinary integrity

 
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