Answer:
Supply chain management
Explanation:
Managing the supply chain relates to maintaining the day-to-day operations related to the goods and services.
The goal is to turn the raw material into the finished goods by going through the manufacturing work cycle so that the product is ready to be sold and shipped to the consumer with specified time and exact location.
In turn, it also focuses on achieving a strategic edge and increasing customer satisfaction.
C relative price » sub effect & income effect
Answer:
Bakeries are known for turning raw goods into things like bread
Answer:
0.66
Explanation:
the fourfirm concentration ratio is the sum of the concentration ratio of the four largest firms in the industry.
The sales of the second largest firm = $35 million - ( $10 million + $4 million+ $2 million + $12 million ) = $7 million
concentration ratio of firm 1 = $10 million / $35 million = 0.29
concentration ratio of firm 2 = $7 million / $35 million = 0.2
concentration ratio of firm 3 = $4 million / $35 million = 0.11
concentration ratio of firm 4 = $2 million / $35 million = 0.06
Adding the ratios together = 0.66
The circumstance is called Conflict of Interest. It is a circumstance in which a man or association is engaged with various interests, money related or else, one of which could degenerate the inspiration or basic leadership of that individual or association.