This individual can send information to stores about overall (total) sales for the market supply chain, ways to display the merchandise, and upcoming promotions by using point-of-sale (POS) purchasing information: A buyer.
A market supply chain can be defined as a channel through which goods and services are transferred (moved) from the manufacturer to the final consumer (buyer).
Basically, the marketing supply chain comprises three (3) main components and these are:
1. Manufacturer or producer.
2. Seller (wholesaler or retailer).
3. Buyer (consumer).
A buyer is at the end of the supply chain spectrum and they are saddled with responsibility of buying a finished product or using a service directly from a seller or service provider respectively.
By using point-of-sale (POS) purchasing information, a buyer can do the following:
- Send information to stores about overall (total) sales for the market supply chain.
- Suggest ways to display the merchandise (goods).
- Notification about upcoming promotions in the market.
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This is an example of ''An implicit or social contract not to cut wages''
What this means is that if the company wanted, it could have freely cut the wages of their workers.
However, there is an 'unwritten contract' or a gesture of the company towards it's workers, which helps to develop trust and improve morale
Answer:
D. produces output and earns an economic profit.
Explanation:
The firm will produce as making the product will pay the cost of the units produced with the current market price of the final good.
As the price is above the average total cost the firm will also earn an economic profit (that is after the accounting profit of explicit cost we subtract the opportunity cost with are implicit in any business and even there, the company manages to get a profit.
At base, the mainstream concept of poverty translates to c. unfulfilled material needs.
<h3>What is Poverty?</h3>
This refers to the financial state of not being able to afford the basic needs of a person.
Hence, at the base level, the mainstream concept of poverty translates to "not enough money in the pocket" which has to do with low or insufficient purchasing power and this leads to a list of c. unfulfilled material needs.
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