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The Basic Elements of a Contract Include Agreement, Lawful Subject

question 7

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The basic elements of a contract include agreement, lawful subject matter, legal capacity, consent, and:


Definitions:

Total Demand

The entire quantity of a product or service that consumers in a market are willing and able to buy over a specified time period, given all other factors being constant.

Market Share

The portion of a market controlled by a particular company or product, usually expressed as a percentage of total sales in that market.

Uniformly Spread

Evenly distributed or balanced in terms of allocation, use, or occurrence across a specified area or within a particular process.

Supply Chain Network Design

The strategic planning and setup of the structure and configuration of a supply chain, optimizing its efficiency and effectiveness.

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