Answer:
<u>Purchasing managers.</u>
Explanation:
A purchasing manager is responsible for establishing the best conditions for purchasing goods and services necessary to perform organizational activities.
Has more authority than a purchasing agent or buyer, although the exercise activities are similar, the purchasing manager has a greater responsibility for overseeing the procurement process and the activities of a purchasing agent or buyer.
The responsibilities of a purchasing manager are:
- purchase of higher quality and lower priced goods and services.
- seek the most reliable suppliers for the organization.
- price negotiation and purchase contracts.
- forecast of future demand. (...)
Focusing only on one differentiating feature is a flawed way to pursue competitive efforts that will differentiate a business.
<h3 /><h3>How is differentiation effective?</h3>
Differentiation is a competitive advantage that occurs through market segmentation, the positioning of the company and its products and services. Must meet the criteria:
- Importance
- Spotlight
- Exclusivity
- Accessibility
- Superiority
- Profitability
Therefore, a company that wants to differentiate itself from its competitors must focus on several resources that help change the consumer's perception of differentiation.
Find out more about competitive advantage here:
brainly.com/question/26514848
Answer:
b. the market price is below equilibrium
Explanation:
Markets are at Equilibrium, where market demand = market supply. Market Demand is downward sloping due to price - demand inverse relationship as per law of demand. And, Market Supply is upward sloping due to price - supply direct relationship as per law of supply
When Price is below Equilibrium price : Market demand is more, as it is inversely related with price. And, Market supply is less, as it is directly related with price. So Market Supply is more than Market Supply. This implies Scarcity (Market Shortage), when supply is insufficient to fulfil demand.
This excess demand (or shortage/ scarcity) creates competition among buyers & pushes up the market price.This way; finally, the market price & market quantity resume back to equilibrium level.
