Adam offered to buy automobile batteries from Ben. Adam’s purchase order was complete with respect to all material terms except price, which was omitted. If Ben accepts Adam’s offer, and the price of automobile batteries is well established in the industry, which of the following statements is true?
a. A contract cannot be formed between Adam and Ben if the price is not included.
b. A contract can be formed between Adam and Ben only if it can be proved that the parties intended to enter a contract to discuss the price.
c. A contract can be formed between Adam and Ben, but the price will be treated as a proposed addition to the contract which must be accepted by both parties.
d. A contract can be formed between Adam and Ben even though the price term was omitted.

Achecklists should be based on past

Which basic economic questions deals with the issue of how the incomeof people in various occupations is determined

Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?