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Conducting procurement
Conducting procurement is a step in the procurement process that is defined as gathering replies from potential sellers, selecting a seller, and giving the contract to the chosen vendor. It is critical to remember that there are two roles involved in conducting procurement: buyer and seller.Thus, conduct procurement entails planning and directing operations such as bidder conferences, distributing bid packages to potential sellers, evaluating potential sellers, and finally selecting the sellers. This technique has the advantage of aligning stakeholder expectations through existing agreements.
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Answer:
b) false
Explanation:
As we know that the Sole proprietorships have unlimited liability while in the partnership, the partners have limited liability.
Moreover, The proprietor is financially liable for all of the company's debts. In a court of law, a judge might require that the proprietor or owner liquidate its personal assets in order to pay the business' debts.
Hence, the given statement is false
No. personal selling usually gets around slower although the cheaper option. but if you want to sell said product you could advertise how you do so is up to you . but within advertise you need a higher marketing budget
Answer:
a. Michelle's consumer surplus: $3.5
b. Paul's Cafe and Bakery producer surplus: $3.5
Explanation:
This one is simple I attached a graphic so you can understand me better:
The consumer surplus is just the difference between the price payed and the price willed to pay by the consumer, in this case the price payed was $4.25 but Michelle was willing to pay up to $7.75 so we just substract this numbers
7.75 - 4.25 = 3.5
Same for the producer surplus which is the difference between the price the consumer pay and the price that the producer was willing to accept.
4.25 - 0.75 = 3.5
Beginning balance: $350,200
add net income: $467,987
subtract dividend: $110,109
ending balance: ^^^^^^^
$110,109 is your answer