At a Computer Fair, Porter Saw a Demonstration by Maxwell

question 12

Essay

At a computer fair, Porter saw a demonstration by Maxwell of an excellent new accounting software package published by Slyckbyte Co., but he felt it was overpriced at $900. "At $500," he said, "I would definitely buy it." Maxwell said that she was not authorized to give deals to anyone, not even such a good customer as Porter. Porter bought another package from a different company. Four days later, he received a package from Maxwell that contained the new software and a letter which said that Slyckbyte was happy to give him the discount he had wanted and that she looked forward to receiving his cheque within the next few days.
Discuss whether Porter must pay for the software.

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Definitions:

Means of Production

The physical and non-physical inputs used in the production of goods and services, such as factories, machinery, and labor.

Duty-Based Ethics

A moral philosophy that emphasizes the adherence to a set of rules or duties as the basis for ethical behavior.

Mission Statements

Formal summary statements that define the purpose, goals, and values of an organization or company.

Strategic Plans

Frameworks developed by organizations to guide their long-term decision-making and resource allocation based on objectives.