Cultural Fit and price are some criteria that we can use to narrow down the suppliers.
There are some criteria that we can use to narrow down the vendors. which are-
Cultural Fit: This refers to values and how well the provider is aware of the company's values.
One of the deciding criteria is price.
Value: Does the product enhance the company's operations?
Market knowledge and recent references
responsiveness and adaptability to requests and product changes
Quality, including the history of quality in products and services
An entity that offers goods or services to another entity is known as a supplier. One example of a supplier is a business that sells PCBAs to a laptop manufacturer or OEM.
To learn more about Different Suppliers here
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Answer:
Inventory turnover period in 2019 =89.3 days
Explanation:
<em>The inventory turnover period also known as the inventory days is the average length of time it takes business to sell its stocks and replace same. The shorter the better as it indicates a high patronage from customers.</em>
It is calculated as follows:
<em>Inventory turnover = (Average inventory / cost of goods ) × 365 days</em>
Note that,
<em>average inventory =( opening inventory + closing inventory)/2</em>
Average inventory = (218,000 + 198,000)/2 = 208,000
<em>Cost of goods sold in 2019</em> = $850,000
Inventory turnover period = (208,000/850,000)× 365 days
=89.3 days
Answer:
The answer is A.
Explanation:
A perfectly competitive factor market can be defined as a perfectly competitive market where all the products produced by different manufacturers are the same, the product cost and the price of the product are known to all parties etc.
Imperfect information in economics refers to a situation where the information among different parties such as manufacturer, consumer etc is not equal and balanced.
The correct answer among the given options is A, hiring workers that have earned good grades in college to make up for the information imbalance and overcome the imperfect information problem.
I hope this answer helps.
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Question options:
a.
overvalued; surplus of dollars
b.
undervalued; shortage of pesos
c.
overvalued; shortage of dollars
d.
undervalued; surplus of pesos
Answer:
Overvalued and there is a shortage of dollars
Explanation:
An increase in dollar price to buy peso means that dollar here is overvalued as it is above the equilibrium price(E2),and therefore it would be expensive to buy goods that are sold for a certain amount of dollars or in dollar currency with the Mexican pesos. This is because the fixed exchange rate system tries to ensure smooth and inexpensive trade between countries as it has to do with currency trading barriers by pegging a currency to another(in this case dollars) but here the dollar price increase for peso makes it more expensive to buy dollar products with pesos. Also this is caused here by the shortage of dollars.