Design and Implementation of Business Improvement Strategy

Special Issues in the Design and Implementation of Business Improvement Strategy: A Case Study of 24-7 Service Centre Company

Order Instructions:

Dear Admin,

Note: To prepare for this essay please read the required articles that is attached

I need an essay in the following subject:

What are the special issues facing public sector organizations like the Highways Agency when it comes to designing and implementing a business improvement strategy?

What special issues would need to be faced by your company or another you know well? Explain with examples

1) The answer must raise appropriate critical questions.

2) Do include all your references, as per the Harvard Referencing System,

3) Please don’t use Wikipedia web site.

4) I need examples from peer reviewed articles or researches.

5) Turnitin.com copy percentage must be 10% or less.

Note: To prepare for this essay please read the required articles that is attached

Appreciate each single moment you spend in writing my paper

Best regards

SAMPLE ANSWER

Special Issues in the Design and Implementation of Business Improvement Strategy:

A Case Study of 24-7 Service Centre Company

Introduction

The design and implementation of business improve strategies is not always an easy task for many public sector organisations.There are certain critical issues that they must face and meet failure to which their business could be at stake. Strategic planning is core in the fight for space in the ever competitive business market and this is why some organizations do better and keep on improving day by day than others. This case study focuses on the 24-7 Support Service, which a social service company based in Leicester City. There are quite a number of issues that this company has strived to put into consideration whenever a new business improvement plan is designed and implemented. Such issues are as discussed below.

Expertise

More often than not, the design and implementation of any new business improvement strategy calls for certain expertise. It therefore forces a company to source for personnel with specific skills that are commensurate with that particular area of improvement. According to Rasha & Fady (2013), human resource is a bank of ideas and knowledge and this is why a company that invests on it must always be successful because it has the capacity for creativity and innovativeness. 24-7 Support Service had wanted to advance its calls and rescue services. To do this, they had to acquire more IT personnel to improve the call system as well as medics and guards to aid in rescue operations.In addition to acquiring personnel from external sources, they also opted to train the existing ones as a way of improving their capacity.The issue of expertise therefore ought not to be taken for granted during any business development plan for any organisation.

Assessment

When coming up with a new business strategy, a company must first a foremost formulate an assessment method. Assessment is very crucial because it makes a company to know a particular area in their business that needs adjustment or improvement. It creates a sense of objectivity before any strategy is designed or adopted. Needs assessment in a company will enable the identification of various loopholes that might exist and therefore determines the corrective measure to be taken by the company (Seedee, 2012). This corrective measure must always be captured in a business improvement strategy.For instance, in the case of 24-7 Service Centre, assessment helped in knowing the minor details on what resources they needed, in what proportions and when should this to be effected.

Performance improve

As indicated by Harris, McAdam, McCausland & Reid (2013), it is only logical for a company to design strategies that will ultimately improve its business performance when implemented. Performance improvement is an aspect of the overall business improvement strategy. It has a direct bearing on the speed at which quality services are offered to clients. 24-7 Support Service had intended to increase the number of clients it serves every day. During the implementation of this new strategy, they had noticed a sharp increase in the number of clients served both during the day and at night and this was a plus on their side.

Customer satisfaction

Another key issue in business improvement is the focus on customers given that they are the determinants of the success or failure of a company. It is the interest of any company to be able to impress there customers with the kind of services and products that they offer because this will keep them coming over and over again. In addition, they could also influence other new customers to come and this will only happen in the event that they have achieved customer satisfaction (Harris et al., 2013). The betterment of call and rescue services at 24-7 Service Centre was able to enhance the satisfaction of their clients and this has made the company to become one of the leading social service centres within Leicester and its environs. The company is also well aware that it could be so costly to get new clients than to retain the existing ones and hence, they made customer satisfaction a very important aspect of their business improvement strategy.

Communication

The manner in which information is passed among the management, the employees and other stakeholders of company is also very critical during the formulation and implementation of a business strategy. It has been identified that the most successful approaches of communication in business are either bottom up or top down (Seedee, 2012). The effective flow of information in an organisation should always follow a particular order of hierarchy to avoid confusion or misinformation. This is because an organisation is a system made up of several organs and not an individual who can do or say anything at will. The success of 24-7 Service Centre is attributed to the fact that there was smooth flow of information and ideas from the management to the team players and vice versa.

Conclusion

The study on 24-7 Service Centre has identified very critical issues about strategic planning in businesses. All these issues are dependent on one another and whenever one is jeopardised, the remaining ones may not be effectively achieved given that they all form part of a system.

Reference list

Harris, R., McAdam, R., McCausland, I. & Reid, R. 2013, “Levels of innovation within SMEs in peripheralregions: the role of business improvement initiatives”, Journal of Small Business and Enterprise Development,vol. 20, no. 1, pp. 102-124.

Rasha , E.A. & Fady, R. 2013, “Business improvement using organisational goals, Riva technique and e-business development stages”, Journal of Enterprise Information Management, vol. 26, no. 5, pp. 577-595.

Seedee, R. 2012, “Moderating Role of Business Strategies on the Relationship between Best Business Practices and Firm Performance“, International Journal of Business and Social Science, vol. 3, no. 24.

We can write this or a similar paper for you! Simply fill the order form!

Using Performance Reports to Inform Organizational Decisions

Order Instructions:
Application: Using Performance Reports to Inform Organizational Decisions

Very often, managers are called upon to make decisions “by the numbers.” In this Assignment, you will sort through information provided from the fictitious Honey Bear Confections (HBC) organization in order to glean information you need to make decisions about productivity levels.

HBC is a small organization dedicated to making bear-shaped sweets with honey as a sugar substitute. You have just been promoted to a position as manager of the production department at Honey Bear Confections when your supervisor shows you the following report. She tells you to “get it fixed.” You suspect she is alluding to a problem with productivity and efficiency.
To prepare for this Assignment, begin by reviewing the information below. Additionally, you may find valuable information in your course text, especially Example 6-3.

Honey Bear Confections
Manufacturing Overhead Static Budget Report
For the Month Ended June 20XX
Budget Actual Variance (U of F)
Production in bags of candy 10,000 12,000 2,000F

Costs:
Indirect labor $26,000 $31,200 $5,200U
Supplies $25,000 $29,500 $4,500U
Utilities $19,000 $22,500 $3,500U
TOTAL $70,000 $83,200 $13,200U

The Assignment:
o Prepare a performance report using spreadsheet software, such as Excel.
o For the next section of this Application, please utilize a word processing software (such as Word) to complete the following:
o Write a short memo to your supervisor explaining your findings and your recommendations.
o In your memo, as part of your recommendations, take a position on the following: Do all the variances in this example need to be examined? Why or why not?

SAMPLE ANSWER

Memo

To: Supervisor HCB company

From: financial analyst

Date:

Dear sir/madam

Ref: PERFORMANCE REPORT

From the above information, it can be deduced that the company should follow the budgeted cost rather than use the actual cost.

Yours faithfully

The actual cost for the production of 10000 and 12000 variances should be considered because they bring loss to the company.

References

Brockett, A., & Rezaee, Z. (2013). Corporate sustainability: Integrating performance and reporting. Hoboken, N.J: Wiley. https://www.wiley.com/en-us/Corporate+Sustainability%3A+Integrating+Performance+and+Reporting-p-9781118122365

Vreeland, D., & Vreeland, A. (2013). Memos: The Vogue years, 1962-1971. New York: Rizzoli International Publications.

We can write this or a similar paper for you! Simply fill the order form!

Quality Performance Measure of Companies Success

Quality Performance Measure of Companies Success Order Instructions: You concluded your post stating (correctly) that “Total quality companies that are successful measure performance by improvements acknowledged by clients.”

Do you have any personal example, or you can provide case-study, about how this is done in practice? how they assess the way clients acknowledge them?

Quality Performance Measure of Companies Success Sample Answer

Sharp Express is an example of a company that applies Total Quality Management principles. It is a leading company in the world that specializes in offering quality customer services and uses many principles in assessing its innovative system. This company makes use of 12 indicators known as Service Quality Indicators (SQIs) to assess service and quality. Each of these indicators is recorded and evaluated daily after which they report the overall performance of everyone using charts.

Each SQ product is graded a graded on a scale of 1-10. However, lost items, damaged products, and packages that are not picked are graded ten. This is because they accorded seriousness and have a bigger impact on the satisfaction of customers, unlike other SQIs. Items that have been delivered late, those without identity, and packages that are associated with complaints from clients are weight five. The primary aim of providing this form of measurements is to encourage the employees to continually improve the quality of their services by working towards decreasing the SQIs scores (MORFAW, 2009). The firm also conducts a systematic customer survey for bigger clients.

Sharp Express also compiles information on performance measurement using product line. The data obtained from this measurement is presented in twelve graphs that are placed on the company’s notice boards. Information that is presented in eleven out of the twelve graphs is obtained from employees that deal with operations such as, process time per second of the elapsed duration, the total number of complaints received from clients, downtime percentage, and amount of inventory. The remaining one graph is used to give information on the cost that is acquired from the department of accounting. This indicates the monthly variation in the total cost by product line. Each employee works towards seeing that the total costs reduce by devoting their major attention to the factors that affect graphs 11 to 12. This, in turn, affects the total cost.

Quality Performance Measure of Companies Success Bibliography

MORFAW, J. N. (2009). Total quality management (TQM): a model for the sustainability of projects and programs in Africa. Lanham [Md.], University Press of America.

Advocating for Victim Services Assignment

Advocating for Victim Services

Order Instructions:

Application: Advocating for Victim Services
Only about 9% of serious violent crime victims received direct assistance in terms of help or advice from a victim service agency from 1993 to 2009 (U.S. Department of Justice, 2011). Although social scientists and mental health professionals have done a great deal of work to identify victims’ needs and develop treatment strategies, in the majority of victimization cases no services are provided, either because they are not available or the victim does not seek help.

This week you assessed the needs of victims and researched services that might help their situation. The next step is for you to write a letter to your governor or local lawmakers, articulating those needs and services to policy makers in such a way that they can and will develop a plan of action to make modern victim services a reality. You can use real life examples of victim’s sufferings, a cost benefit model, or both, but your letter should make a convincing case on behalf of victims.

For this Assignment, consider the following crime:

In the local Gruffson district of Peopletown, evidence of a hate crime has surfaced. A 21-year-old recent immigrant from Haiti was found in an alley with severe wounds to his head and body. When the victim was found by garbage collectors early yesterday morning, swelling had rendered his face almost unrecognizable.

Police believe that the man spent the night lying in the alley following a ruthless beating at the hands of a group. Based on early reports, the man heard the attackers yelling, “Go home go home!” as they kicked, punched and pelted him with rocks. The man’s limited English prevented him from understanding the other words of his attackers. Police are treating the incident as a hate crime.

Anti-immigrant graffiti has appeared throughout the neighborhood in recent months and residents indicate that a group of young local men has drawn attention from the authorities for disturbances and harassment of immigrants in public parks in at bus stops

Then read the sample letters on the link

http://www.hrw.org/news/2011/03/28/coalition-letter-support-student-non-discrimination-act

and consider the most effective arguments you can use to persuade lawmakers to support victim services.

The Assignment (3 pages):
• Explain the services currently available in your state (New Jersey) for the victim of hate crime above.
• Explain services not available in your state that might be beneficial for the victim, or recommend revisions or enhancements to existing services.
• Using the sample provided, create a letter to the governor of your state (New Jersey) or local lawmakers explaining what services should be available and explain why.

Support your Assignment with specific references to all resources used in its preparation. You are to provide a reference list for all resources

SAMPLE ANSWER

Advocating For Victims Services

Hate crimes are ideally traumatizing to the victims. Victims facing such forms of anti-social behavior live with fear, uncertainty and tension. Hate crimes and other social as are confrontational and do promote social hostility within the community. Such acts jeopardize active and open pursuit of opportunity and freedom. Hate crimes mirror a rotten behavior on the society which compromise religious, ethnic and racial heritage of community members. Hate crime can be defined as any unlawful act done in a way to suggest that there is an intention to victimize an individual because of his perceived or actual race, religion, gender ethnicity or sexual orientation (Turpin-Petrosino, 2015). Unlawful act can present itself in form of criminal mischief, harassment, aggravated assault or in any other form of crime punishable by law. In New Jersey, hate crimes suspect are tried under State’s Bias Intimidation Statute.

However this paper provides insights of both existing and no-existing services that might for victims of hate crimes in New Jersey. On the same note, create a letter to the gorenor of New Jersey explaining services that should be available and the underlying reason why such services are imperative in helping victims of Hate Crimes.

Even though it is imperative to punish and educate those involved in hate crimes. Consequently, it is quite important to provide services to the victims of hate crimes. Such services help the victims to cope with many physical, emotional and financial losses incurred as a result of such crimes. And as such helps the victims overcome the trauma of the hate crime.

In New Jersey, victims of hate crimes are helped by religious groups, outreach groups and community organizations who offer guidance and counseling. To help such victims of hate crimes overcome the trauma and psychological torture after being beaten and robbed by hate crime perpetrators. These organizations are also in the forefront in educating hate crime target groups on safety from law enforcement agencies or community based organizations, violence prevention and discrimination. Such education programs help suggest ways of handling hate crimes if they occur and also prepare target groups of victimization to avoid confrontation and thus preventing the occurrence of hate crime.

Law enforcement agencies also play a central role in preventing victims of hate crimes from being victimized all over again. They inform community members through education and awareness visibility. Law enforcement agencies also punish the perpetrators of such crimes in order to discourage such acts from occurring again.

Volunteer groups offer financial aids to the victims of hate crimes to help them overcome their psychological torture and collect the pieces to start life afresh. The victim’s medical bills are settled and a competitive lawyer is hired to help them in their case in the court of law. Such community services help the victims feel appreciated in the community despite the racial, gender or ethnic differences.

The district attorney provides a witness aid services for victims of hate crimes. Such aids help to gather for court related services, social services in addition to counseling services for crime victims, families and witnesses (Turpin-Petrosino, 2015). The District attorney also provides valuable information relating to the prosecution of the case. On the other hand, they help the victims to understand the criminal justice system. Finally, they also inform the victims of their rights in the case.

However, be as it may, victims of hate crimes require many services than the existing services. Individual assistance in providing comfort, education and open discussion still need o be enhanced. Such services help the victims and the families of such victims cope with the situation faster and in the most appropriate manner.

Letter of support for victims of hate crimes covered under state’s bias intimidation statute

Dear Governor

As a resident of your district, Gruffson, peopletown. I am writing this letter to urge you to provide services that are quite essential and can help prevent hate crimes within the neighborhood. It is of profound interest that the state should provide policing services to help prevent hate crimes based on a resident perceived or actual race, ethnic group or their religious background. Such vulnerable group needs explicit police protections. Regular policing within the district is quite important to prevent the underlying crimes and also hate crimes.

The resident of my district who are not natives are living in constant fear of being harassed based on their race and ethnic groups. Ethnic tension is on the rise and people have fear of walking in the night because of insecurity. Recently, a 21-year-old immigrant of Haiti was severely beaten at the hands of a group and left him with severe wounds to his head and body. The immigrant was a victim of hate crime and the perpetrators yelled at him to “go home”. And as such, immigrants living in Gruffson district are seeped with fear and are requesting increase in patrol. Especially in the night to prevent them from being victimized based on their ethnic groups.

We are requesting also that, Perpetrators of hate crimes should also be punished more severely to discourage resident from engaging in hate crimes within the district. We therefore, urge you to support us and help combat these heinous hate crimes by increasing support in our district

Sincerely,

(Insert Name)

References

Turpin-Petrosino, C. (2015). Understanding Hate Crimes: Acts, Motives, Offenders, Victims, and Justice. Routledge.

We can write this or a similar paper for you! Simply fill the order form!

A sole proprietorship a partnership and a corporation

Distinguish among a sole proprietorship a partnership and a corporation delineate the advantages and disadvantage of each describes how the revenues profits liabilities and assets are shared

Order Instructions:

distinguish among a sole proprietorship a partnership and a corporation delineate the advantages and disadvantage of each describes how the revenues profits liabilities and assets are shared

SAMPLE ANSWER

Distinguish between a sole proprietorship a partnership and a corporation

Introduction

Sole proprietor engages in a business enterprise mostly as a single director as well as the owner. There are many advantages related with this kind of arrangement. The owner can make quick decisions without consulting anyone. He also shares his profits with no one and he can dissolve the business without consulting anyone. The major disadvantage is that there is no continuity in case of death and the business is not limited. The business cannot be sued or sue in its own name and the owner is personally liable for the debts of the company. The owner cannot also borrow money from the public (Chandra, 2007).

A partnership is also not limited and it can be formed by two or more persons but they should be less than fifty members or as stipulated by law. The partners share all the profits according to their own agreements. Partnerships are simple to create and manage. Partnership also has continuity as in the case of the death of a member the rest of the members can continue with the business. General partnerships have partners who are personally liable for any debts incurred from the business. Limited partnerships have limited liability to its members however it’s more expensive to create.

Corporations have legal personality and they can sue or be sued in their own names. They can also raise money from the public and they have limited liability. They are formed by two or more directors.

The major disadvantage is that they are taxed highly and the process of registering the corporation is longer and requires more money. The company must also publish its accounts annually. Companies declare dividends to the shareholders as profits from the company and which is distributed according to each shareholding. All dividends payable to the shareholders are also taxed.
References

Chandra, G. (2007) Company Law, 3rd Edition; McGraw-Hill Education

We can write this or a similar paper for you! Simply fill the order form!

Shareholder Agreements and Business Law

Shareholder Agreements and Business Law Order Instructions:

discuss shareholder agreements closely held corporations and the circumstances under which a court will lift the corporate veil

Shareholder Agreements and Business Law Sample Answer

Closely held corporations present unique legal issues since the limited ownership groups brings complex personal relations and increase volatility among the group (Cheeseman, 2012). In this regard, the owners of the company tend to be more involved in the operations of the company as opposed to companies with large ownership. Most of the legal issues that arise in closely held corporations result from the inequality of the ownership between the few available shareholders. The shareholder with the lesser interest is obviously the minority shareholder when the two shareholders have unequal interest, however, everyone who owns less than 50% of the company can be a minority shareholder even if he owns the greater stake in the company. This is possible where shareholder A owns 40% of the stock, B owns 30% of the stock, and stock C owns 30% of the stock. When shareholder B and C are jointly decided on one course of action, the shareholder A is automatically considered the minority shareholder despite owning the largest portion of the stock. In this regard, the law of closely held corporations allows the minority shareholders to form small groups that can be used by control the oppressive behavior of the majority shareholders. Therefore, the law affords the minority shareholders special protections with regards to possible oppressive conducts of the majority shareholder in the case of closely held corporations (Cheeseman, 2012). In most cases, the shareholders take significant roles within the business such that they assume the role of directors, employees, and other relevant officers depending on the nature of the organization. In closely held corporations, the courts may lift the corporate veil when the members agree to dissolve their business operations or when the corporation decides to operate in illegal business.

Shareholder Agreements and Business Law Reference

Cheeseman, H.R. (2012). Business Law 8^th Edition. Prentice Hall

The duties of directors of a corporation

Order Instructions:

Explain the duties of directors of a corporation we else owes similar duties? what remedies area available for the breaches of duties

SAMPLE ANSWER

The directors of a company are the key personnel that are responsible for the management of the company. In most cases, the directors of the company work collectively as a board in order to the chant the way forward as one sole entity. The articles of association give the board of directors to delegate authority to individual directors as considered appropriate by the company. The duties and responsibilities of directors are statutory duties with their legal capacities in order to drive the company forward. The operations of the directors are closely guarded by the company constitution to ensure that all their work is reasonable and has no conflict of interest. In their duties, the directors exercise independent judgment and are not obliged to accept benefits from third parties. The directors are responsible for drawing policy initiatives for the company in accordance with the scope operations of the company.

In some instances, one or more directors can breach their duties as far as company operations are concerned. However, the law provides for a variety of remedies in the event a director breaches his duties by contravening his moral and legal authority. The remedies for breach of duties include a court injunction or declaration and compensation where appropriate. In the case where the company property is lost, the director can be ordered to restore the company property or account for profits. In case of contract breach, rescission of the relevant contract can be ordered to act as a remedy for the breach of duty. In extreme cases where the director portrays gross violation of the company rules, the director can be dismissed and be replaced with other responsible persons who can act with due diligence.

Reference

Cheeseman, H.R. (2012). Business Law 8^th Edition. Prentice Hall

We can write this or a similar paper for you! Simply fill the order form!

Types of Balminess and Nature of Business

Types of Balminess and Nature of Business Order Instructions:

discuss the different ways in which a balminess may be created the duty on the various types of bailees. compare a bailee to a common carrier and to an innkeeper

Types of Balminess and Nature of Business Sample Answer

Introduction

Bailment is a type or nature of business arrangement where a bailor who lawfully owns some goods gives possession to another person known as bailee for certain specific purpose. Most businesses have similar arrangements where due to the nature of the business, the possession of goods is transferred to another person in a different location for the selling purposes of storage may be in a warehouse but the title of goods remains with the owner (Chandra, 2007).

The other examples of bailment are goods that have been left behind for repair services like in a garage where vehicles are left under someone else possession or other types of repair services.

There are several types of bailment. In some cases, a second bailment known as sub-bailment may again take place. This occurs where a person in possession of someone else’s goods as a bailee transfers them to the possession of another person to hold as a second bailee.

There are various types of bailment; Gratuitous bailment, bailment for reward and storage of goods. Common Carriers usually operate the business or trades in the carriage of goods and is compensated for the service undertaken. For example a railway company or a road transport company. They are largely insurers of the goods and are legally liable to any damages to the goods. The difference is that the bailment of goods for example, to a storage warehouse, is that whereas the warehouse may allow constant supervision from the bailor, a common carrier has absolute control over the goods hence the high standards of the duty of care.

The innkeepers are responsible for the goods that guests bring in their establishments. The relationship is not exactly bailment as the visitors have also control over their own goods.

However, the innkeepers are required by law to provide a place for safekeeping of valuables and where they would be responsible in case of any loss.

Types of Balminess and Nature of Business References

Chandra, G. (2007) Company Law, 3rd Edition; McGraw-Hill Education

Bonding and insurance coverage Essay

Bonding and insurance coverage

Order Instructions:

What is bonding? distinguished between bonding and insurance coverage

SAMPLE ANSWER

According to Cheeseman (2012), bonding and insurance are forms of protection that guards against financial loss, but work in different forms. Bonding is a specific protection by providing coverage when the specified job is not complete to the client’s satisfaction, such that a claim can be made for compensation purposes. The bond differs from commercial liability insurance since the bond only covers the specific obligation and not broader coverage like insurance claims. In other words, the insurance protects the business owners, while the bond protects the client and this makes the tow work concurrently without any conflict of law.

Whereas an insurance coverage is a form of risk management in a two party contract between the insured and the insurance company, a bond is a contract between three parties, namely the surety, the principal, and the obligee. In this regard, the surety is issued by one party on behalf of the second party to guarantee that the second party will complete the obligation to a third party. Whereas the bond provides legal protection to the obligee, the insurance coverage protects the insured against a risk (Cheeseman, 2012). Another difference is that the premium paid for the bond is for the guarantee that the principal fulfills his obligations, while the premiums paid is for insurance coverage is designed to cover for potential losses. For insurance coverage, losses are expected and the insurance rates are adjusted to cover losses depending on many factors, however, losses are least expected for bonds since contracts are awarded to qualified persons. Bonding is a form of credit such that the principals are to pay for the claims, however, the insurance coverage claim is paid and the insurance company doesn’t expect to be repaid by the insured.

Reference

Cheeseman, H.R. (2012). Business Law 8^th Edition. Prentice Hall

We can write this or a similar paper for you! Simply fill the order form!

Subrogation Term Paper Available Here

Subrogation

Order Instructions:

explain what is meant by the right of subrogation. how may subrogation affect not only the insured but also the person who has caused the injured or damaged? indicate other means by which the insurance company may keep damages as low as possible

SAMPLE ANSWER

Subrogation is the right of the insurer to assume the rights of the insured that arise automatically as a matter of law or by the agreement as part of the contract (Cheeseman, 2012). Subrogation by contract is common and arises in insurance contracts, especially in accidents and injuries that require monetary compensation. Therefore, it is the act of insurance companies seeking the reimbursement from the person or legal entity responsible for the injury or the accident after realizing that they have paid money that ought to have been paid by another party. In other words, it is the substitution of one person or groups by another in respect to a debt or insurance claim after realizing that the other party is responsible for such claims.

According to Cheeseman (2012), subrogation can affect both the insured and the person who has caused the injuries or the damage in various ways. If the accident or the damage was caused by the insured, the insured is thus responsible for the damage caused and the insurance company is likely to subrogate against the insured. For the person who has caused the damage, the subrogation can be applied against his company so that the insurance company gets a refund for their expenses used to bail out their client.

There are other ways by which insurance companies are likely to keep their damages as low as possible in order to improve on their profitability. The insurance companies keep their damages as low as possible to carefully examining all the conditions surrounding the accident to check is the possibility of transferring the liability to other third parties. In addition, the insurance companies’ only pay for what they think is reasonable concerning the nature of the industries or the damage to their client.

Reference

Cheeseman, H.R. (2012). Business Law 8^th Edition. Prentice Hall https://www.amazon.com/Business-Law-8th-Henry-Cheeseman/dp/0132890410

We can write this or a similar paper for you! Simply fill the order form!