Unit 4 Coursework Example | Topics and Well Written Essays - 250 words

Unit 4 - Coursework Example In addition, the FPI contract bears target cost, ceiling price, target profit, and formula of sharing profits (Garrett, 2006). CS: This contract falls under cost reimbursement contract type. In this case, the buyer and seller agree to venture into a joint effort to undertake research that serves mutual interests. Since the seller accrues commercial benefits to the seller, the contracts exempts payment of fees. In addition, the seller offloads some of the performance costs in need of benefiting the seller’s firm. T&M: This contract type is concerned with time management and time-sensitive contracts. For a carnival services, the requirement for contract labor is crucial as events are not consecutive. In this case, T&M contract is the best suited as it considers timed labor with specific compensation. On the down side, T&M discourages effective control of costs (Garrett, 2006). In advertising to attract the most competitive entities within the marketplace, selection and segmentation of the potential target entities are essential consideration. In order to filter the best from the rest, the advert is to clearly communicate the competitive edge of the advertised business venture. The channel of communication is an important aspect in advertising. However, in order to catch the attention of the target entities, the campaign is to use the medium of communication most accessed by the target