The Legal Environment of Business: Text and Cases
10th Edition
ISBN: 9781337535878
Author: Frank B. Cross; Roger LeRoy Miller
Publisher: Cengage Learning US
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Chapter 2, Problem 1CT
Summary Introduction
Case summary: A company WH, which is based on the People’s Republic of China, operates through multiple websites. It has been continuously engaging itself in the selling of counterfeit products of company G through its websites. Evidence has been furnished that proves that the company has entered into contract with a resident of San Jose, California, hence establishing the necessary requirement of minimum contact.
To explain: Jurisdiction of the federal court over the company WH, had it not entered into a contract with the private investigator in San Jose, California.
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The Legal Environment of Business: Text and Cases
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- Scenario You have been given a task to create a demand forecast for the second year of sales of a premium outdoor grill. Accurate forecasts are important for many reasons, including for the company to ensure they have the materials they need to create the products required in a certain period of time. Your objective is to minimize the forecast error, which will be measured using the Mean Absolute Percentage Error (MAPE) with a goal of being below 25%. You have historical monthly sales data for the past year and access to software that provides forecasts based on five different forecasting techniques (Naïve, 3-Month Moving Average, Exponential Smoothing for .2, Exponential Smooth for .5, and Seasonal) to help determine the best forecast for that particular month. Based on the given data, you will identify trends and patterns to create a more accurate forecast. Approach Consider the previous month's forecast to identify which technique is most effective. Use that to forecast the next…arrow_forwardAnswer? ? General Accountingarrow_forwardDon't used Ai solutionarrow_forward
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