InSeason Inc. started a chain of organic supermarkets that had initial success. The managers achieved a mastery of the firm's current environment, thereby filling a need in the market. However, InSeason defined and measured it success by financial metrics, with a focus on short-term performance. As a result, the firm put in place metrics and systems to accommodate and manage increasing firm size due to continued success. As a result of this tightly coupled system, InSeason developed a

Answers

Answer 1

Answer: resistance to change

Explanation:

From the question, we are informed that InSeason Inc. started a chain of organic supermarkets that had initial success and that the managers achieved a mastery of the firm's current environment, thereby filling a need in the market.

We are further told that InSeason defined and measured it success by financial metrics, with a focus on short-term performance and that as a result, the firm put in place metrics and systems to accommodate and manage increasing firm size due to continued success.

As a result of this tightly coupled system, InSeason developed a resistance to change. Resistance to change could be as a result of fear of failure by the company.


Related Questions

When organizations relate to their environments in ways that involve ethical dilemmas and decisions, these situations are said to fall within the context of the organization's _____ responsibility.

Answers

Answer:

Social.

Explanation:

When organizations relate to their environments in ways that involve ethical dilemmas and decisions, these situations are said to fall within the context of the organization's social responsibility.

In Business management, social responsibility can be defined as an organization's obligation to act in a manner that benefits and adds significant value to the society, usually it has its business operations.

Hence, in addition to making profits and maximizing shareholders, organizations are required to lessen negative environmental impact or degradation and provide social amenities such as pipe-borne water, electricity, roads etc. It is also referred to as corporate social responsibility (CSR).

Christina, a 29-year-old woman, joined a company in Texas in 2007 and worked there for a year. She got laid off due to recession. She moved back into her parents' home in California as she did not have enough money to cover her expenses. Christina's situation is characteristic of the __________.

Answers

Answer: boomerang generation

Explanation: The term boomerang generation is a label used to describe young adults such as in the case of Christina described above who finds themselves sharing or living under the same roof with their parents after having left initially. The cause ranges from the high cost of associated with getting and apartment or other social imbalance such as job loss which is the case with Christina causing these set of individuals who seem to have attained independence and thus set out to live separately, only for them to rush back under their parent's roof.

Ken and Joe are out at a bar drinking. During the evening, Ken writes a note on a cocktail napkin agreeing to sell his car to Joe for $500. After they both sign it, Ken pockets the money and hands the keys over. The next day, Ken has no idea where his car is and how he came to have $500 in his wallet. Was this a valid contract?

Answers

Answer:

250000

Explanation:

The Securities and Exchange Commission: Multiple Choice verifies the accuracy of the information contained in the prospectus. publishes red herrings on prospective new security offerings. examines the prospectus during the Green Shoe period. reviews registration statements to ensure they comply with current laws and regulations. determines the final offer price once they have approved the registration statement. Next Visit question mapQuestion 24 of 25 Total24 of 25 Prev

Answers

Answer:

reviews registration statements to ensure they comply with current laws and regulations.

Explanation:

The Securities and Exchange Commission (SEC) is a governmental agency saddled with the sole responsibility of regulating the securities or capital markets, as well as protecting investors in a country.

In the United States of America, the Securities and Exchange Commission (SEC) as an independent government agency was established under the Securities Act of 1933 and the Securities and Exchange Act of 1934 of the United States of America. It has the power to propose securities rules and regulations, and enforce federal securities law in the securities market.

Hence, Securities and Exchange Commission reviews registration statements of bond issuers, investment advisers etc, to ensure they comply with current laws and regulations.

Suppose that the central bank must follow a rule that requires it to increase the money supply when the price level falls and decrease the money supply when the price level rises. If the economy starts from long-run equilibrium and aggregate demand shifts right, the central bank must

Answers

Answer:

central bank must decrease the money supply, which shifts aggregate demand left

Explanation:

In such a situation as the one being described the central bank must decrease the money supply, which shifts aggregate demand left. This decrease in the money supply will lead to a decrease in consumer spending, thus reducing price levels and real output since there is less capital for spending in the economy, which ultimately causes the aggregate demand to shift to the left. Therefore creating balance in this situation.

If the economy is in long-run equilibrium and aggregate demand shifts right, the central bank must reduce the money supply, causing aggregate demand to shift left.

When the economy is in long-run equilibrium:

In a case like this, the central bank must reduce the money supply, which pushes aggregate demand to the left.

Because there is less capital for spending in the economy, a fall in the money supply will lead to a decrease in consumer spending, lowering price levels and real output, causing aggregate demand to shift to the left.

As a result, there is a sense of equilibrium in this circumstance.

For more information about long-run equilibrium refer to the link:

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The teams working at Dixon Corp. are allowed to give their suggestions to the top management regarding the workflow and new product designs. The teams are, however, not authorized to make any management decisions and also do not have a say in the kind of projects the company accepts. These teams are an example of a(n) .

Answers

Answer:

employee involvement team

Explanation:

Employee involvement refers to the direct participation of staff by application of their ideas, expertise, and efforts, towards solving problems and in decision making to help their organizations fulfil its mission or meet its objectives. Although the team members are allowed to give suggestions, they are not authorized to make decisions in the managerial capacity.

Some advantages of using employee involvement are:

improved decision making by the organizations

improved attitudes  regarding work

increased employee productivity

increased job satisfaction, because the employees feel like they are being heard.

SOMEONE HELP ME PLEASE
Which sentence describes a cooperative organization?

Cohen and his friends work in a cooperative organization.
They own and control the functions of the organization.
Their sole motive is to gain profit.
They can trade their stocks in the financial market.

Answers

The statement "They own and control the functions of the organization" best describes a cooperative organization.

A cooperative is when two or more people come together to form an organization or form a business that is democratically run and managed by them alone. This means that it is a united effort by the individuals involved to run a business.

Cooperatives may vary according to the needs and wants of the individuals. But at the same time, the rules and other policies can also be changed to suit the need of the members.Cooperatives represent a much better form of unity and accomplishments, especially for lesser known individuals or less powerful members of the society.Such individuals may be farmers, workers, individual producers, etc. who would unitedly work to accomplish common goals and beliefs.Thus, the correct answer is the second option.

A cooperative organization, in short, can be best stated as the unified union or gathering of various individuals with different expertise or dreams with the aim to achieve success. They share the responsibilities among themselves and also control the functions of the organizations equally.

Learn more about cooperative work here:

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'Cooperative Organization' is characterized as the 'organization that is either partially or wholly owned and regulated by its employees, customers, or tenants.'

The sentence that appropriately describes such an organization would be:

B). They own and control the functions of the organization.

In a cooperative organization,

The people willingly come forward to accomplish their common needs including various economic, communal, and cultural needs. To serve these purposes, these people collectively own an enterprise/company whose goods and services are used by them only. Each member carries equal power and rights in such an organization Agriculture, utilities, Insurance, Healthcare, etc. are some of the illustrations of such organizations.

Learn more about 'Cooperative organization' here:

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Name 2 of the 10 School Based Enterprise instructional Units

Answers

Answer:

1.  Financial Analysis

2.  Marketing-Information Management

Explanation:

A school-based enterprise often referred to as SBE is an entrepreneurial undertaking in a school setting that participates in goods/services delivery to address the needs of the market.

SBEs are organized and regulated by students as practical learning laboratories that incorporate National Curriculum Standards in various departments such as marketing, finance, hospitality or management.

Hence, the full 10 School Based Enterprise instructional Units are the following:

1. Financial Analysis

2. Marketing-Information Management

3. Operations

4. Market Planning

5. Product/Service Management

6. Pricing

7. Distribution/Channel Management

8. Promotion

9. Selling

10. Human Resources Management

A company issued 6,000 shares of stock at $10 each, with a par value of $2.

What amount is debited as Cash?

A. $6,000

B. $66,000

C. $30,000

D. $72,000

Answers

The answer is c $30,000

Answer:

A. 6,000

Explanation:

trust

A parcel of corporate land was recently dedicated as the new plant site. What is the opportunity cost of land that should be considered, based on the following: original cost of $200,000, market value of $300,000, net book value of $200,000, a recent offer to purchase for $250,000.

Answers

Answer: $300,000

Explanation:

Opportunity cost is the value of the best available to you .An opportunity cost is mostly equal to the current market value.

Given, original cost of $200,000, market value of $300,000, net book value of $200,000, a recent offer to purchase for $250,000.

Highest value = market value =  $300,000

Hence, the opportunity cost of land that should be considered as $300,000.

Whenever possible, Lorraine tries to purchase organic foods for her family. She feels better knowing there is less pesticide residue in these products vs. conventionally produced foods. If she sees a product that bears the USDA Organic seal, of what can she be assured?

Answers

Answer:

The correct answer is: She can be assured of a lot of things. Explained below.

Explanation:

To begin with, the USDA organic certification is understood to be the one that assures the consumers to buy products that are 95% organic in those that have the certification because the department checked them out so that means that all the companies who have achieved the certificate then they are workind according with the standards provide by the U.S. Department of Agriculture. Moreover, the certification establishes that the food is free from genetic modification and irradiation and that they also have a greater content in nutrients that the other ones.

Exercise 7-4 Direct write-off method LO P1 Dexter Company applies the direct write-off method in accounting for uncollectible accounts. March 11 Dexter determines that it cannot collect $45,000 of its accounts receivable from its customer Leer Company. 29 Leer Company unexpectedly pays its account in full to Dexter Company. Dexter records its recovery of this bad debt. Prepare journal entries to record the above selected transactions of Dexter.

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Answer:

Date            Account Titles and Explanation        Debit          Credit

March 11       Bad debt Expenses                             $45,000

                          Account Receivables                                       $45,000

                    (To record uncollectible accounts receivables)

Date            Account Titles and Explanation        Debit          Credit

March 29    Account Receivables                         $45,000

                         Bad debt Expenses                                          $45,000

                    (To record reversal of written off accounts receivables)

Date            Account Titles and Explanation       Debit          Credit

March 29     Cash                                                  $45,000

                             Accounts Receivables                               $45,000

                     (To record receipt of cash from customers)

Suppose a firm has two types of customers but cannot tell which type of buyer the customer is before a purchase is made. If the firm wanted to use quantity discounting, it should charge _____ per unit for any quantity purchased or _____.

Answers

Complete Question:

Suppose a firm has two types of customers but cannot tell which type of buyer a customer is before a purchase is made. One group of customers has an inverse demand of P = 100 – 10Q, while another group of customers has an inverse demand curve of P = 110 – 22.5Q. If the firm wanted to use a quantity discount pricing scheme, what prices should it set? Assume that the marginal cost of production is constant at $20.

A) The firm could charge $65 per unit for any quantity purchased or $60 per unit if buying 4 or more units.

B) The firm could charge $50 per unit for any quantity purchased or $40 per unit if buying 8 or more units.

C) The firm could charge $25 per unit for any quantity purchased or $20 per unit if buying 2 or more units.

D) The firm could charge $85 per unit for any quantity purchased or $75 per unit if buying 6 or more units.

Answer:

Option A. The firm could charge $65 per unit for any quantity purchased or $60 per unit if buying 4 or more units.

Explanation:

Group One Customers:

We will find the price and quantity by using the following relationship:

Marginal Revenue = Marginal Cost

But the first step would be to calculate marginal revenue.

Step1: Calculate Marginal Revenue

The price and quantity relation of group one customers is given as under:

P = 100 - 10Q

Now we will use total revenue equation which is given as under:

Revenue = Price * Quantity

Here

Price = 100 - 10Q

By putting this in the above equation, we have:

Revenue = (100 - 10Q) * Q

Revenue = 100Q - 10Q^2

Taking derivative on both sides we have:

Marginal Revenue = 100 - 2*10*Q = 100 - 20Q

Now as we know that:

Marginal Revenue = Marginal Cost

Here

Marginal Revenue = 100 - 20Q

Marginal  Cost = $20

By putting values, we have:

$100 - 20Q  =  $20

$100 - $20 = 20Q

Q = $80 / $20  = 4 Units

Now putting this value in the price equation we have:

Price = $100 - 10*4 = $60

Group Two Customers:

We will find the price and quantity by using the following relationship:

Marginal Revenue = Marginal Cost

But the first step would be to calculate marginal revenue.

Step1: Calculate Marginal Revenue

The price and quantity relation of group one customers is given as under:

P = 110 – 22.5Q

Now we will use total revenue equation which is given as under:

Revenue = Price * Quantity

Here

Price = 110 - 22.5Q

By putting this in the above equation, we have:

Revenue = (110 - 22.5Q) * Q

Revenue = 110Q - 22.5Q^2

Taking derivative on both sides we have:

Marginal Revenue = 110 - 2*22.5*Q

Marginal Revenue = 110 - 45Q

Now as we know that:

Marginal Revenue = Marginal Cost

Here

Marginal Revenue = 110 - 45Q

Marginal  Cost = $20

By putting values, we have:

$110 - 45Q  =  $20

$110 - $20 = 45Q

Q = $90 / $45  = 2 Units

Now putting this value in the price equation we have:

Price = $110 - 22.5*2 = $65

The data extracted from the above two scenario is as under:For Group 1, Price is $60 and Quantity is 4 UnitsFor Group 2, Price is $65 and Quantity is 2 UnitsHence the option A is correct.

On Monday, the seller offers to sell his vacant lot to the buyer for $42,000. On Tuesday, the buyer counteroffers to buy for $40,500. On Friday, the buyer learns that several other prospects may be making offers on the property, so he withdraws the counteroffer and agrees to the original asking price of $42,000. Under these conditions, there is

Answers

Answer:

b. not a valid agreement because the buyer's counteroffer was a rejection of the seller's offer, and once rejected, an offer cannot be accepted later.

Explanation:

Since in the question it is mentioned that the vacant lot is offered for $42,000 but the buyer counteroffers to buy $40,500 but afterward he agreed to the original price of $42,000

So this situation represents that it is not a valid agreement as the counteroffer made by the buyer was rejected by the seller and once it is rejected then the same could not be accepted

Therefore the correct option is b.  

Assume Jones Manufacturing begins March with 20 units of inventory that cost $15 each. During March, the following purchases and goods sold were: March 15 Purchased 25 units at $18 30 Sold 30 units Using the FIFO inventory costing method and the perpetual system, what is the ending Merchandise Inventory on March 30?

Answers

Answer:

$270

Explanation:

The computation of the ending inventory using the FIFO method is shown below:

But first we have to determine the ending inventory units which is shown below:

= Beginning units + purchased units - sale units

=  20 units + 25 units - 30 units

= 15 units

Now the ending inventory is

= 15 units × $18

= $270

Hence, the ending inventory is $270

A capital investment project's payback period is the ______. Multiple choice question. useful life of the capital asset purchased length of time it takes for the project to begin to generate cash inflows length of time it takes for the project to recover its initial cost from the net cash inflows generated estimated length of the capital investment project from the initial cash outflow to the end of the project

Answers

A capital investment project's payback period is the length of time it takes for the project to recover its initial cost from the net cash inflows generated.

When a project is embarked on, it is assumed that it will generate certain cash inflows and that these inflows will be able to pay the company back for the costs that the company incurred when it initiated the project.

These cash inflows will come in at different times instead of all at once so the company will need to know when the net sum of these payments will pay back the entire cost and this is the purpose of the payback period.

If the company decides that the time it would take the project to pay back the cost(payback period) is acceptable, they will embark on the project.

More information on payback periods can be found at:

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An entrepreneur establishes a social justice online retail company. The company purchases authentic artwork, jewelry and crafts at a fair price from artisans in developing countries and then sells them through a website. As a company following a differentiation strategy, which of these functional-level strategies will be important for sustaining the business?a. Developing a robust marketing program to promote the social justice elements of the business and gain insights into consumer purchasing behavior on the websiteb. Leveraging its purchasing power to pressure artisans into selling their goods at a reduced pricec. Adopting a lean manufacturing technique to reduce production costsd. Incentivizing employees with bonuses for cutting costs within the operation

Answers

Answer:

a. Developing a robust marketing program to promote the social justice elements of the business and gain insights into consumer purchasing behavior on the website

Explanation:

In order to sustain the business, the entrepreneur should create a robust marketing program in which he is able to promote the components of social justice and also the behavior of the consumer on the website so that he gets to know how much people are active in his website, what are the problem people are facing, etc

Hence, the correct option is a

The criteria that parties to a contract must be in agreement is also known as

A: Consideration
B: Legality
C: Mutual Assent
D: Capacity

Answers

Answer:

C: Mutual Assent.

Explanation:

Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

Hence, the criteria that parties to a contract must be in agreement is also known as mutual assent.

In a nutshell, mutual assent connotes agreement, acceptance and consent to a contract by both parties.

Olympia Marketing has instituted new policies around misappropriation of assets, conflicts of interests, and kickbacks. Also with the local elections just around the corner, management sent out reminders about political contributions and confidentiality of company information. All of these policies can be found in Olympia Marketing's
a) employee handbook
b) policies and procedures manual
c) moral rights
d) approach C

Answers

Answer:

b) policies and procedures manual.

Explanation:

A company's policies and procedures manual is essential for establishing norms and rules that will guide the company's operation.

Through corporate policies, it is possible to determine actions, conducts, practices and values ​​that the company adopts in order to achieve its objectives and goals, and demonstrate what are its fundamental values ​​that give this organization its own identity and the foundations that will make it different from other companies in the competitive market.

Suppose that the market portfolio is equally likely to increase by 24% or decrease by 8%. Security "X" goes up on average by 29% when the market goes up and goes down by 11% when the market goes down. Security "Y" goes down on average by 16% when the market goes up and goes up by 16% when the market goes down. Security "Z" goes up on average by 4% when the market goes up and goes up by 4% when the market goes down. The expected return on security with a beta of 0.8 is closest to: 3.2% 6.4% 0.0% 7.2%

Answers

Answer:

The expected return on security with a beta of 0.8 is closest to 7.2%.

Explanation:

This can be determined as follows:

Since the return of security Z remains at 4% despite the change in the market, security Z is the risk-free asset.

Note that a risk free asset is an asset which its returns does not change with change in the market.

Using the Capital Asset Pricing Model (CAPM) formula, we have:

Er = Rf + (B * MPR) ............................................ (1)

Where;

ER = Expected return = ?

Rf = Risk-free rate = Rate of return of security z = 4%

B = Beta = 0.8

MPR = Market risk premium = Expected return on the market rate - Risk-free rate

Expected return on the market rate = (50% * 24%) + (50% *(-8%)) = 8%

Therefore, we have:

MPR = 8% - 4% = 4%

Substituting the values into equation (1), we have

Er = 4% + (0.8 * 4%)

Er = 0.072, or 7.2%

Therefore, the expected return on security with a beta of 0.8 is closest to 7.2%.

One way to obtain the economically efficient amount of college education is for governments to subsidize college education. What is the size of the per-student Pigouvian subsidy that the government must provide to internalize the external benefits

Answers

Answer:

The remaining part of the question is given below:

(Note that the subsidy can be granted to the education institutions or to the students directly or indirectly; for example, through low- interest student loans.)

a. P2-P0

b. P2-P1  

c. P0-P1

d. P1

Correct Answer:

b. P2-P1

Explanation:

A pigouvian subsidy is a subsidy that is used to encourage behaviour that have positive effects on others who are not involved or society at large. Behaviors or actions that are a benefit to others who are not involved in the transaction are called positive externalities.

When Jack was hired in 2011 at Ford Motor Company, he was offered $14 an hour. His best friend Sam started at the same plant doing the same job two years earlier making $28 an hour. This is an example of

Answers

Answer:

This is an example of pay rise!

I hope this helps you!

Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (7,300 units) $ 350,400 Variable expenses 204,400 Contribution margin 146,000 Fixed expenses 103,500 Net operating income $ 42,500 If the company sells 7,200 units, its net operating income should be closest to:

Answers

Answer:

Net operating income= 40,500

Explanation:

Giving the following information:

Contribution margin 146,000

Fixed expenses 103,500

Sales= 7,200

First, we need to calculate the unitary contribution margin:

Unitary contribution margin= 146,000/7,300= $20

Now, for 7,200:

Total contribution margin= 7,200*20= 144,000

Fixed costs= (103,500)

Net operating income= 40,500

John Montgomery Ward founded the first baseball players union to fight what practice(s) by baseball team owners? A. Salary caps B. Baseball's reserve system C. Baseball's practice of selling players without the players receiving a share of profits D. All of these are correct. E. Salary caps and baseball's reserve system

Answers

Answer:

D. All of these are correct

Explanation:

John ohn Montgomery Ward was a first sports player who is a professional and baseball league.

Here the practices that should be considered by basketball team owners are as follows

a. Salary caps

b. Profit sharing is not considered

c. Reserve system of basketball

Hence, the correct option is D

Thus, all the options are correct

At a listing appointment, the seller of a large, expensive home on the water gives specific instruction to the sales associate not to show the home to anyone from a certain protected class. The sales associate tells the seller this is a clear act of discrimination, but the property owner insists. The sales associate should

Answers

Answer:

refuse the listing

Explanation:

In the scenario being described, the sales associate should refuse the listing. This is because such discrimination due to race, color, religion, sex, disability, familial status, or national origin is a violation of the Fair Housing Act. If the realtor is accused of discrimination she can face civil penalties of $16,000 USD if it is the first offense or even up to $65,000 if it has been a repeated violation of the Fair Housing Act.

Eight years ago you purchased an asset for $100,000 that has yielded a nominal capital gain of $30,000. If you sold the asset today, your inflation-adjusted capital gains would be zero due to inflation over the last eight years. The capital gains tax is 28 percent. If you sold the asset today your tax liability would be

Answers

Answer: $8,400

Explanation:

Tax liability for a year is computed on the nominal capital gain as of that year not the inflation-adjusted gain. As such, should the asset be sold today, the capital gains tax of 28% will be computed on the capital gain of $30,000 in the following manner;

= 28% * 30,000

= $8,400

Which of the following items is an example of an overhead expense?: (A)Rent on a factory. (B)Electricity, most of which is used to power a plant's machinery. (C)Raw materials used in manufacturing. (D)Shipping costs on goods sold. (Hint: Remember that overhead expenses are fixed costs, which must be paid regardless of the amount of business done.)

Answers

A, the rent. If confused between A and B, remember that electricity is a cost that can fluctuate over the amount of business, as well as C and D.

Part 1 Using the refusal skills sequence, complete the case scenario by indicating how you would refuse to be involved in the situation. Include all eight steps of the refusal sequence, and use the format indicated below for each step. (List the step then the action) Example: 1. What are they asking me to do and why? They are asking me to participate in an activity that is illegal and against my personal values. (Double space after each answer.) Case Study Number ____________ 1. What are they asking me to do and why? 2. Label what they are asking you to do (i.e. illegal, dangerous, etc.). 3. Determine the consequences if you get caught or if you participate in this activity. 4. Communicate my refusal. 5. Say no. 6. Use "I" statements. 7. Suggest an alternative. 8. Leave the scene and avoid questionable places.

Answers

Incomplete question.

Full Question and Explanation:

1. What are they asking me to do and why?

They are asking me to do things both illegal and sexual that I do not believe in doing.

2. Label what they are asking you to do (i.e. illegal, dangerous, etc.).

It is Illegal, sexual, and dangerous

3. Determine the consequences if you get caught or if you participate in this activity.

I could get infected with a disease or even get arrested by law enforcement agents.

4. Communicate my refusal.

I do not do such things and I will not follow others in their wrongful course.

5. Say no.

No matter what you say, I say no!

6. Use "I" statements.

I feel that you do not consider my feelings when you try to force me because I don't want to do these things.

7. Suggest an alternative.

No, lets go and watch a movie at the movie theater.

8. Leave the scene and avoid questionable places.

My mom must be waiting for me by now, I'll have to go home.

In radio advertising, a(n) ________ guarantees a certain percentage of spots in the better dayparts if the advertiser buys a total package of time.

Answers

Answer:

total audience plan package rate.

Explanation:

Advertising can be defined as a strategic process which involves paying for a commercial service that is aimed at boosting sales through the persuasion of customers by using convincing and attractive messages.

In radio advertising, a total audience plan package rate guarantees a certain percentage of spots in the better dayparts if the advertiser buys a total package of time. This ultimately implies that, the user gets a better widespread coverage in the better parts of the day, thus increasing his audience and guarantees potential customers for the business.

Cat's Coaster Company uses cork in all of the protective drink coasters that it manufactures. If Cat's enters into an agreement with a cork exporter from Portugal to purchase all of the cork it needs to produce its products, this would be Multiple Choice a requirements contract. a necessities contract. an output contract. an input contract.

Answers

Answer:

a requirements contract

Explanation:

Since in the question it is mentioned that the company used its cork for the protective drinks and if Cat comes into an agreement with a cork exporter in order to buy all of the cork that is required to manufacture the products. This would represent the requirement contract

As the requirement contract is the contract in which the purchased agrees to buy all the goods that are required from a seller

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