The reason for imposing the price ceiling is to prevent the producer/seller from taking advantage of the consumer.
Price ceiling refers to an economic tools used by policymaker to mandate a maximum price that the seller must charge for sales of a product or service.
Price ceiling serves as a tool to prevent the producers from exploiting the consumers.
The price ceiling are imposed by the policymaker to prevent producer or seller of coffee to have price advantage of its sales to the coffee consumers.
Therefore, in conclusion, aim of preventing exploitation of consumer is the reason of imposing price ceiling on coffee market.
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Answer:
True
Explanation:
The correct option is - True
Reason -
When the company is considering the quantities in stock available at the end of the month in duly setting their reorder level that indicates it creates buffer stock in company's account and not following just-in-time model, whereby the quantity being ordered when there is demand for the same.
Hereby the investment cost occurred while maintaining the inventory will be higher as comparison to just-in-time inventory model as the money is blocked in the inventory and it will be recovered only when the inventory being sold.
Answer:
internship
Explanation:
A student or traniee who works in an organization, sometimes without pay, in order to gain work experience or satisy requirements for a qualification.
Answer: Option (D)
Explanation:
Under marketing, CVP also known as customer value proposition tends to consist of benefits(sum total) which an individual i.e. a vendor tends to promise a consumer will receive in exchange for a consumer's associated payment.
A CVP is referred to or known as a marketing statement that tends to describes why an individual should buy a commodity or service. It is mainly aimed at potential consumers instead of targeting other groups.
