1. Describe and explain the reasoning for the distribution network that would result for products with the following characteristics.
Electronic parts with high value that are relatively small and light
Canned food products with low value and relatively high weight
Medical products for which the hospitals and clinics expect the supplier to provide four-hour delivery service
Aircraft spare parts that are high value, relatively small, and critical to the ability of the plane to fly.
2. Chrissle wishes to purchase on credit a coat at SM's Fine Furs. SM's thinks Chrissle's creditworthiness is somewhat shaky. So Chrissle's friend Mini promises SM's that if the store extends credit to Chrissle, Mini will pay whatever balance is due should Chrissle default. In which of the following is an oral agreement binding?
Mini promises to work as a cleaner on weekends at SM's should Chrissle default.
Mini agrees to pay Chrissle's debt if Chrissle bakes her a cake.
Mini asks SM's to send the coat to Chrissle for her anniversary and that she will pay for it.
Mini wants the coat for herself but cannot, so she proposes that Chrissle buy it.
Mini agrees to pay Chrissle's debt if SM's give a 10 percent discount on a jacket to her.