kohli
MEANING OF ACCEPTANCE Acceptance occurs when an individual to whom a proposal is directed indicates their agreement to it. The individual making the offer is considered to have received acceptance once the agreement has been communicated. This agreement can be either explicit or implicit. It is explicit when conveyed in a clear manner, whether through … Read more
The termination of a contract signifies the conclusion of the legal relationship and responsibilities between the involved parties. Upon termination, the parties are released from their contractual obligations. Various factors can lead to termination, such as the fulfillment of the agreed-upon terms, mutual agreement, violation of contract, inability to perform, or the expiration of the … Read more
A contingent contract is a type of agreement in which the execution of the contract is reliant on the occurrence or non-occurrence of a specific uncertain event in the future. According to Section 31 of the Contract Act, a contingent contract is defined as an agreement to perform or refrain from performing an action contingent … Read more
Not all agreements qualify as contracts. Only those agreements that are legally enforceable are considered contracts. The Contract Act governs those agreements that establish obligations, providing a legal remedy in the event of a breach by one party. Therefore, a contract comprises two essential elements: However, certain agreements lack enforceability under the law. Such agreements … Read more
Breach of Contract is the failure of one party to perform their obligations under a contract without a lawful excuse. It occurs when one party does not fulfill their promises as agreed, or fails to perform the contract within the time frame specified, or performs the contract improperly. A breach can happen in various forms, … Read more
Positioning is an essential aspect of marketing that shapes the perception of a product or brand in the minds of consumers in comparison to its competitors. This process entails establishing a distinctive image or identity for a product, service, or brand, thereby securing a unique and valued position within the target market. The primary objective … Read more
Targeting constitutes a fundamental aspect of an effective marketing strategy. Once a market has been divided into distinct segments based on various criteria such as demographics, behaviors, and preferences, the targeting process entails assessing the potential of each segment, analyzing its unique characteristics, and subsequently selecting the most suitable segments for focus. This methodology enables … Read more
Market segmentation is a strategic approach in marketing that involves dividing a diverse and varied market into smaller, more uniform groups characterized by common traits. These segments comprise individuals or organizations that share similar needs, preferences, or behaviors, enabling businesses to develop customized marketing strategies aimed at effectively reaching each specific segment. This process recognizes … Read more
AGENCY AND BUSINESS ORGANIZATION COMPREHENSIVE ANSWER QUESTIONS – [20 Marks] 1. [2021 Fall Q. No. 18a]:Read the case situation given below and answer the questions that follow: Dipen, a trader in pashmina shawls based in Kathmandu, contacted Pramod, his agent in Delhi, to find a party for the sale of 1000 pieces of Nepal-made shawls. … Read more
CSR, BUSINESS ETHICS AND CORPORATE GOVERNANCE ISSUES IN NEPAL VERY SHORT ANSWER QUESTIONS – [2 Marks] [2023 Fall Q. No. 7] [2021 Fall Q. No. 7] State any four CSR activities of Nepalese companies. Answer: CSR Activities of Nepalese Companies: [2023 Fall Q. No. 8] [2016 Fall Q. No. 10] How do you interlink CSR … Read more