definitions
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| stakeholders | show 🗑
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| show | is someone who takes a risk to set up a business to make a profit e.g. bill gates
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| investors | show 🗑
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| show | they buy goods and services that are provided by entrepeneurs
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| show | this is a win lose situation
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| co-oprative relationship | show 🗑
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| intrest groups | show 🗑
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| show | means trying to persuade the decision maker through an organised campaign, usually involving discussions at which the organisations views are put forward
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| conflict | show 🗑
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| concillation | show 🗑
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| show | this is where both parties to an industrial dispute ask for an independant third party called an arbitrator to be appointed to reslove conflict
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| show | a contract is a binding agreement enforced by law it can be written,oral and implied
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| show | the formation of a contract involves one party making an offer to another party
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| acceptance | show 🗑
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| show | this is something of value offered by a party to a contract in exchange for something of value recived e.g. a car
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| consent | show 🗑
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| show | must be the intention of the parties to create a legally binding agreement
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| capacity to contract | show 🗑
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| show | this means that legally binding contracts can only be for legally binding transactions
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| Legality of form | show 🗑
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| show | its an ivetation to someone to make an offer which can be accepted or rejected
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| show | both parties agree to end contract early therefore they are free from any legal charges e.g. a premiership player is not scoring enough goals & is under pressure from fans he agrees to leave the club
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| performance | show 🗑
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| frustration | show 🗑
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| show | a condition on a contract was broken by one of the parties e.g. in october 2011 man city player carlos tevez was fined and suspended when he refused to play in a champions league match
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