Explain Why and How a Company Would Adopt a Consumer

question 115

Essay

Explain why and how a company would adopt a consumer orientation.

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Definitions:

Incidental Damages

Collateral damages that result from a breach of contract, including all reasonable expenses that are incurred because of the breach; damages that compensate a person injured by a breach of contract for reasonable costs he incurs in an attempt to avoid further loss.

Consequential Damages

refer to losses that result indirectly from a breach of contract, extending beyond the direct and immediate damage.

Statute Of Limitations

Refers to the maximum period one can wait before filing a lawsuit, varying by the type of legal claim.

Alteration Of Contract

The process of modifying the terms and conditions of a contract, which can be done by mutual agreement of the parties involved or under certain conditions specified by law.