Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
business
| Term | Definition |
|---|---|
| Offer | This means that one party makes an offer to another party.It may be oral.Written,Oral or visual |
| Negotiation | this is a non legislative method of resolving conflict between stakeholders.A third party(AnotherPerson) is invited to investigte the dispute and hear both sides of disagrement.The concilator does not decide on a solution but helps both partiesEg-employer |
| Arbitration | This takes place when 2 disputing parties agree to call a third party whom they both trust.Befire the arbitration both parties must agree to accept the decisiom of the arbitration E.g-labour court |
| Contract | A legally binding agreement between 2 or more parties.It can be oral(spoken) ,witten or by conduct(Supermarket) it has have 7 elements to be a valid contract.Some contracts must be written E.g Insurance policy,contact of employment |
| Invitation to treat | An invitation to treat is an invitation by the shop for the consumer to make an offer it is not an offer E.g Dress on mclenneys window |
| Concideration | Each party to the contract must give something of value.Eg Customer gives real agreement to the contract pressure cannot be put on a person to enter a contract |
| Capicity to contract | Person under age of 18, persons insane or drunk cannot enter into a contract.A company cannot enter into a contract either if it has in its memorandum of association them manufacture shoes and then decide to start manufacturing furniture |
| Service | Something that is done for you by a person/machine |
| Merchantable quality | Goods should be of merchantable quality concidering whats said about them,paid price and how long it should last |
| Fit for purpose | A washing machine must be capable of washing clothes |
| Consumer | A consumer is a person who buys goods or services for personal use or their own consumption |
| Acceptance | The other side must accept the offer as it stands,whi |
| Frustration | Way of ending a contract.This is where an unforeseen event occures and makes the contract impossible to be carried out> E.g death,bankruptcy |
| Agreement | This is a way of terminating a contract.E.g couple cancels the cake they ordered for the wedding |
| Breach | Is a way of ending a contract.One party breaks a condition in the contract.This is the same as ending the contract.E.g A wedding cake whch was delivered the day after the wedding does not have to be paid for |
| Warranty | A warranty is a less important clause in the contact.Breaking the warranty does not end the contract E.g Wedding band arrives an hour late |
| Conciliation | This is where a third party assist the employer and employee in resolving their difficulties through |
| unfair grounds of dismissal | Pregnancy,race,membership of the travelling community,age,sexual orientation,religious beliefs |
| Fair grounds for dissmissal | Worker misconduct,worker incapable of doing the job or not suitably qualified.Necessary redundancy |
| Constructive dismissal | Refers to a situtation where an employer makes it so difficult for an employee in the workplace that they are forced to stay out or work or leave |
| Functions of the equality Authority | Eliminate discrimination in the employment,promote equality of opportunity for all and assist people in bringing complaints under the act |
| Discrimination | Is defined as treating one person less favourably than another |
Created by:
joy12345
Popular Business sets