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2 years ago

What factors have caused the current interest in, and attention to, strategic purchasing and supply planning?

1 answer:

4 0

These purchasing strategies are crucial for the development and expansion of the firm since they explicitly state the goals and objectives in the appropriate qualities.

It also measures it using the outcomes that have been achieved, taking into account both internal and external elements that have an impact on the company.

The following are some components of the Purchase strategy:

Clear Objective
Evaluateable Goals
Development Plan
Evaluative Plans
Clear Objective

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When it is costly or impossible to exclude someone who hasn't paid to use a particular good from using it, then that good is cla

Paraphin [41]

When it is costly or impossible to exclude someone who hasn't paid to use a particular good from using it is called Non-excludable goods

Nonexcludable means that it's miles highly-priced or impossible for one person to exclude others from using a terrific. Nonrivalrous manner that after one person uses an excellent, it does now not prevent others from the use of it.

An externality is a fee or benefit imposed onto a 3rd party, which isn't factored into the very last price. There are main styles of externalities tremendous intake externalities, fine manufacturing externalities, negative consumption externalities, or bad production externalities

Personal goods are those whose possession is limited to the group or character that bought the best for his or her personal intake. A private top is not shared with anyone else, but may be sold at the side of shifting rights to apply or consume it.

Club goods are excludable however non-rival. Cable tv is an example of a membership proper because it can be consumed or possessed by a couple of users on the equal time however it's far excludable.

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7 0

1 year ago

Suppose Abercrombie & Fitch sells clothing in a monopolistically competitive market and that a farmer sells oranges in a per

kirill [66]

Answer:

Please check the attached images for the required demand curves

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants

When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero

If firms are earning negative economic profit, in the long run, firms leave the industry. This drives economic profit to zero

in the long run, only normal profit is earned

7 0

3 years ago

Greengage, Inc., a successful nursery, is considering several expansion projects. All of the alternatives promise to produce an

Ilia_Sergeevich [38]

Answer:

A. Project A

B. Project A has lowest Standard Deviation

C. Project D

Explanation:

The higher the range, the more risky the project is. Based on the table, project A has the smallest range, and therefore is the least risky based on range.

The standard deviation is not scale-free, i.e. it is not adjusted for the level of returns. Hence, a project that has the same distribution of returns, but a higher average return, will have a higher standard deviation. But the project is not any more risky. Hence, the standard deviation might not be an appropriate measure of risk.

The Coefficient of Variation (CV) is calculated as follows:

CV = Standard deviation / expected return

Applying this formula, the coefficient of variation for each project is:

Project A: 2.9% / 12.0% = 0.242

Project B: 3.2% / 12.5% = 0.256

Project C: 3.5% / 13.0% = 0.269

Project D: 3.0% / 12.8% = 0.23 4

Based on the coefficient of variation, project D has the lowest coefficient. It means that the project has the lowest risk per unit of return generated, and thus is the best project and should be chosen.

4 0

3 years ago

If an investment adviser representative transacting business in a state terminates employment with a state registered investment

Aleksandr [31]

Answer:

Explanation:

If an investment adviser representative transacting business in a state terminates employment with a state registered investment adviser, both the representative and the investment adviser must notify the Administrator promptly.

3 0

3 years ago

(TCO E & F) A _____ position in T-bond futures should be used to hedge falling interest rates and a _____ position in T-bond

MariettaO [177]

Answer: The correct answer is LONG; LONG

Explanation: A long position means the holder of the position owns the stock. A long position in a financial insteument means the holder of the position owns a positive amount of the instrument and has the expectation of an increase in value.

A short position refers to when the seller of the financial instrument does not own it.

6 0

3 years ago