What Are the Four Basic Elements Necessary for a Valid

question 18

Essay

What are the four basic elements necessary for a valid contract?

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Definitions:

Operations Management

Focuses on the planning, organizing, and supervising of production, manufacturing, or the provision of services, ensuring efficient operations and effective management of resources.

Mass Customization

A strategy that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.

Global Focus

An approach or strategy that considers the entire world as a sphere of operation or influence, emphasizing international markets and multicultural inclusivity.