Global Blenders sells goods and services that other companies offer but does not provide any organization with the input resources needed to produce goods and services. Based on this information, we can thus say that Global Blenders is a Distributor not a supplier.
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There are three important terms associated with the supply chain management. They are distributors, suppliers and wholesalers. Distributors are those who are directly related with the manufacturers and they represent the manufacturers in some way. Distributors have buying agreements that includes only certain number of members and also they usually cover certain specific areas.
Suppliers are those who provide goods and services to the wholesalers, retailers and also to the distributors. They usually have a very close relation with the distributors and provide them the goods and services they need.Global Blenders sells goods and services but they are not responsible for providing resources for the purpose of producing goods and services. Thus, Global Blenders is a Distributor not a supplier.
Answer:
A. Micro-economics
Explanation:
Micro-Economics represents a study of economic activiites or economic choices that affect individual businesses or organisations, individual consumers or individual families. Since the focus of Williams & Co is on determining appropriate prices for products sold in its individual firm, then the focus is micro-economics
Macro Economics represents the study of economic activities and choices but instead of the individual level, it studies these acivities at the overall national level or at the global level. So the study of pricing among the various detergent producing firms in the United States is under the purview of macro economics
Monetary policy focuses on the tools that are used to regulate the entire economy especially the Federal Reserve through the regulation of the activities of member financial institutions.
Fiscal Policy focuses on the activities of government to control its expenditure, tax rates and overall monitor or regulate the economy
Answer:
(D) Both number of units produced and amount of direct materials used in production are correct.
Explanation:
Answer:
C. Unearned revenue would be debited for $700.
E. Service revenue would be credited for $700.
Explanation:
As we recieve the payment in-advance we take the obligation to perform our duties with the customer.
Therefore it is unearned revenue (liability)
at year-end there is a portion which is still unearned by the amount of 300 dollars Hence, the difference was earned: 1,000 - 300 = 700
we will decrease our liability against the customer and recognize the revenue by crediting service revenue.
