Name and Briefly Discuss the Global Forces That Are Shaping

question 18

Essay

Name and briefly discuss the global forces that are shaping the business landscape, and the significance of each to the domain of supply chain management.

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Definitions:

Preexisting Duty

An obligation that a party is already legally required to perform, which cannot serve as the basis for new consideration in a contract.

Sump Pump

A device used to remove accumulated water from a sump basin, commonly found in the basements of homes.

Moral Obligation

A duty or commitment that is not legally enforceable but is based on ethical or moral considerations.

Preexisting Duty Rule

A legal principle that an existing obligation or duty cannot serve as consideration for a new contract.