Identify and Briefly Explain the Circumstances Where a Party Might

question 43

Essay

Identify and briefly explain the circumstances where a party might opt to deliberately breach a contract by refusing to honour its promises to the other side.Provide an example and a possible alternative to an outright breach of existing contractual obligations.

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Definitions:

Business Strategy

A plan of action or series of decisions that helps a company achieve its business goals and objectives.

Competitive Strategy

An approach a business adopts to distinguish itself from competitors and achieve a superior position in the market, often involving pricing, product differentiation, and market segmentation strategies.

Environmental Strategy

A plan of action aimed at managing the impact of an organization's activities on the natural environment.

Functional Strategy

Detailed plans aimed at achieving the strategic objectives set for specific departments or functions within an organization.