Market for a new boat to use

Assignment Help Business Management
Reference no: EM132180468

Peter was in the market for a new boat to use at his lake house. He attends the local boat show with his neighbor Sean. He sees a Formula 270 Bowrider boat that would be perfect for cruising around the lake and would fitLinks to an external site.

On his dock. The salesperson quotes Peter $38,500 for the boat, but is willing to go down to $35,750 if he closes the deal today. Peter needs to think about it and tells the salesperson he will be back in an hour. Peter and Sean walk away and look at other boats. Sean asks Peter if he would get the boat since it was at a good price. Peter responds that he is not sure... "it's a big purchase and he is not ready to commit yet." Sean decides that if Peter is not willing to buy it, he would. An hour later Sean comes back to the salesperson and tells the salesperson that he will buy the boat at the same price he offered it to Peter ($35,750). Has a contract been formed between the salesperson and Sean for the Formula 270 Bowrider? Explain your answer.

Reference no: EM132180468

Questions Cloud

Illustrate trend in the employment and wage of economists : Suppose the market for economists resembles that of engineers: It takes time to produce a new economist and prospective economists base their career decisions.
What is the primary advantage of the deed of trust : What is the primary advantage of the deed of trust? What is the primary advantage of the land contract?
Discuss any personal experiences or observations : What are three things that you think are positive about unions and three things that you think are negative? Are unions good or bad?
Making improvements to the home : Miguel recently purchased his first home. He is very excited about making improvements to the home. He decides it would be cheaper if he had his own water
Market for a new boat to use : Peter was in the market for a new boat to use at his lake house. He attends the local boat show with his neighbor Sean
How does the marketing mix for dominos in japan differ : What do you think Domino's does from an organizational perspective to make sure that it accommodates local differences in consumer tastes and preferences?
What is the new equilibrium level of wages and employment : Suppose the supply curve of physicists is given by w = 10 + 5£, whereas the demand curve is given by w = 50 - 3£. Calculate the equilibrium wage and employment.
Attorney about suing sheldon for breach of contract : Big Bang Brewery consulted an attorney about suing Sheldon for breach of contract. What may Sheldon recover?
The relationship between annual objectives and policies : Describe a conflict situation that requires you to use 1) avoidance, 2) defusion, and 3) confrontation in order to solve the problem.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd