pages(which I will create). Who can write this paper by 10PM Eastern Time? And what is your fee? ATTACHMENT PREVIEW Download attachmentYou are a business planner and accountant. Part of yourexpertise is in helping prospective business owners evaluate thevarious manufacturing and supplier options available based onthe product they manufacture. You have a long history ofworking with widget manufacturers, which is why Gloria ismeeting with you. Additionally, you are an expert in globalbusiness issues and can help Gloria review foreign supplyoptions, including the applicable laws, customs regulations, andtax implications of using a foreign supplier versus a domesticsupplier. Gloria has come to you to get some advice on whichsupplier will best meet her needs and objectives.Gloria has come to you to get some advice on which supplierwill best meet her needs and objectives. Prepare a paper thataddresses the following.1. What elements are necessary for a valid contract to exist?Define what constitutes a “valid offer.”Evaluate eachproposal and discuss whether each of the offers constitutesa valid offer. Why or why not?2. Each proposal involves a different country. What are theparticular concerns for Gloria in doing business in othercountries? What contract provisions does she need toinclude in any business contract in order to protect herbusiness?3. How can Gloria continue to protect herself and her familyfrom personal liability if she obtains her widgets from aforeign manufacturer? Use your textbook and libraryreferences to answer these questions. Evaluate eachproposal. Does it constitute an offer?
View the AnswerKEY PLAYERSGloria SmithsonGloria’s business is doing well. She has been manufacturing widgets in the UnitedStates, however, the costs for the raw materials have increased 200% with hercurrent supplier. She has found a new U.S. supplier—Greenleaf Manufacturing—that is willing to negotiate costs with her. Gloria has scheduled an appointmentwith its CEO, Richard Franklin. She is also considering manufacturing her widgetsoverseas. She traveled to China and met with Jun Chin, who is interested in thecontract. She also went to Brazil and met with Mateo Bonilla, who also discussedproduction with her. Currently, Gloria has been selling approximately 12,000,000widgets per year, but she recently got a purchase order from a large retailer for8,000,000 widgets and a guarantee for a minimum of 13,000,000 widgets over thenext 24 months. The purchase order states that continued business is dependent onpaying no more than $7.34 per widget. Gloria’s current cost to manufacturewidgets is $6.22 and she has been selling them for $9.18. Doing business with thislarge retailer will take Gloria’s business to the next level, but she has to get hercosts down.Richard FranklinHe is the CEO of Greenleaf Manufacturing, which is a company located in thesame state as Gloria’s business. He has submitted the following proposal to GloriaSmithson: He will manufacture up to 6,000,000 widgets per year at a cost of $6.37;another 6,000,000 widgets per year at $5.41; and a final 6,000,000 widgets peryear at a cost of $5.01 each. However, Greenleaf’s proposal contains a clause thatrequires Gloria’s acceptance by 5:00 p.m. on March 3, 2016.Jun ChinShe is the CEO of Sunrise Ltd. in Quanzhou, China. Her company has recentlybegun doing business with American companies. Ms. Chin is able to manufacture100% of the widgets Gloria Smithson needs annually at a cost of $4.01 each.Mateo BonillaHe operates Groupo Embraco. Groupo Embarco has never done business with anAmerican company, but like Gloria Smithson, he wants to expand his business.Presently, it can supply Gloria with 10,000,000 widgets annually at a cost of $3.83.Bonilla is willing to expand his operations in order to manufacture more widgets.
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