This was displayed on the said source. It cited connections to different aspects that show the importance of purchasing as a social responsibility. The center is mainly the Buyer's Relationship Commitment where it directs to the cooperation between the Buyer and Supplier. This relationship develops to trust, which is important to the business. It also pointed to the relationship to have a trusted and performing supplier.
Source: <span>Purchasing’s Contribution to the Socially Responsible Management of the Supply Chain
https://www.instituteforsupplymanagement.org/files/sr/capsarticle_purchasingscontribution.pdf
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Answer:
Michael does not experience inflation because he only buys Tennis rackets
Explanation:
Inflation is defined as increases in price per unit price.
It is the prolonged increase in the price of goods and services caused by devaluation of currency , demand -pull or cost - push. While a certain degree of inflation can be beneficial to a thriving economy , it can become a threat if it becomes larger.
One of the direct impact of inflation is rise in price of goods and services.
As the price of rackets was not affected by the inflation , that means that Michael was not affected by the inflation.
Answer: D. Increased productivity by using technologically-intensive manufacturing technologies.
Explanation:
Technology has made work easier in many industies. Artificial intelligence has made things much easier, involving lots of robots and reducing human efforts, which tends to make things faster and smarter. People who work in industies of industrialized countries can compete with those of developed world by technology, because both party make use of technology, so the input and output from their industry would be same based on the facilities they use.
AC Nielsen Voltas. It's a marketing research company. www.nielsen.com is their website.
Answer:
A. The demand of wheat and corn is basically inelastic and so increases in output drastically reduce price and income to the farmers.
Explanation:
Inelastic demand means the change in price does not affect the purchasers' buying power. The difference in price has relatively little effect on the quantity demanded. Since the demand for wheat is inelastic, price and income will reduce irrespective of increasing production. Therefore, harvesting massive production (wheat or corn) does not bring a high income.