Answer:
The market contains huge numbers of buyers.
Explanation:
Organization buying is the process through which formal institutions establish the basis for purchasing products or services. It involves identifying, evaluating, and picking the ideal option from the available brands and suppliers. A typical organization will have a team of skilled workers directly or indirectly involved in the buying process. Businesses that purpose to maximize profits will go the extra mile to get the best deals on their purchases.
Organization buying will involve the participation of many people. Common characteristics of organization buying are
- Several people in the organization influence buying
- The organizational buyers are qualified professionals in purchasing.
- A lot of purchasing occurs in direct dealing with producers.
- The purchases are in large quantities
- Close relationships and service are required.
The balance between supply and demand is known as the market equilibrium.
The supply and demand are determined through the price mechanism in a free market. Such as if the goods or services are bought more frequently then their prices will go up and vice versa.
This means that the price mechanism helps to determine what goods are to be produced. In the case where the demand for good increase will result in price go up and will ultimately result in producers supplying more of those goods.
This system of price helps to scale the point where competing demands may be weighed by the consumer or producer requirements.
However, the movement towards the price equilibrium and the resulting balance between the supply and demand is known as the market equilibrium.
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You just add up all the numbers and you get the answer which is 23.60
You really don't have to have a degree most of my friends are cosmetologist and they don't have degrees they just have license
The residual income for the Division A of Magnolia Company for an income from operations of $80,000 will be $32,000.
<h3>What is residual income?</h3>
Residual Income is the total of total income from operations less the minimum acceptable rate of return on the deployed assets for such operations over a financial period.
Using the above information, it can be ascertained that the residual income will be,
Hence, the residual income will be as computed above.
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