Describe the Ways in Which Database Technologies Could Be Used

question 37

Essay

Describe the ways in which database technologies could be used by an office stationery supply company to achieve product differentiation.

Describe different forms of online agreements and their enforceability (click-on, shrink-wrap, browse-wrap, and partnering agreements).

Comprehend the principles of contract formation, including offer, acceptance, and consideration.

Recognize the importance of including dispute resolution terms in online contracts.

Apply the mailbox rule to electronic communications and understand its implications for contract formation.

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Definitions:

Objectively

In a manner that is not influenced by personal feelings or biases, based on factual and unbiased considerations.

Labor

The human effort, both physical and mental, used in the production of goods and services.

Positive Economics

Positive Economics is the branch of economics that deals with the description and explanation of economic phenomena, focusing on factual and cause-and-effect relationships.

Economic Variables

Quantitative measures that represent aspects of the economy or a company and can change over time, such as GDP, inflation rate, and unemployment rate.