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Alex Ar [27]
3 years ago
9

A company has decided that it no longer needs to extensively count and inspect the products it buys from a particular supplier.

This suggests that the buying company has is in the volume consolidation stage of developing procurement strategy.A) TrueB) False
Business
1 answer:
Aleksandr-060686 [28]3 years ago
3 0

Answer: False

             

Explanation: Under the volume consolidation stage the organisation reduces it suppliers for the procurement of raw materials and tries to increase its negotiation strength.

In the given case, company is no longer worries about the quality and quantity the materials they are receiving. There is nothing mentioned about the negotiation or reduction of number of suppliers.

Hence we can conclude that the given statement is false.

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Indicate whether each of the following creates a demand for or a supply of European euros in foreign exchange markets:
andreyandreev [35.5K]

Answer:

See below.

Explanation:

A)

A US purchase of a European product will create demand for Euros as US authorities would have to use euros in the exchange for the airbus, meaning they would have sell US and buy Euros.

B)

The German firm needs to set up in US and thus would need the local currency to conduct its operations in Carolina, they will have to buy USD by selling euros and thus creating a euro supply.

C)

The college student will have to be using Euros and as such would need to exchange dollars for euros, crating a demand.

D)

As the products are shipped aboard a Liberian freighter, they would be paid by giving out euros in the foreign exchange market. This will create a supply of euros.

E)

When the US economy grows at a  faster pace, European citizens will invest in US securities or in USA in general thus creating a supply of euros as they buy USD for investments.

F)

As the US government pays interest to a European bond holder, it will create a demand for Euros as more USD will be exchanged for Euros to be paid.

G)

More people will speculate and invest in dollars as they fear euro losing value, this will create more supply of euro in the market as people look to invest elsewhere.

Hope that helps.

6 0
3 years ago
Perkins Corp. will receive 250,000 Jordanian dinar (JOD) in 360 days. The current spot rate of the dinar is $1.48, while the 360
Evgesh-ka [11]

Answer:

$370,000

Explanation:

8 0
3 years ago
When buyers use ___________________ to draw inferences about the quality of products, then markets may have trouble reaching ___
bagirrra123 [75]

Answer:

Market price; Equilibrium price

Explanation:

The equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the point at which the demand and supply curves in the market intersect. It become hard to reach equilibrium price and quantity when customers infer the quality of a product by its price cos that will inform their purchasing decision.

7 0
3 years ago
Selecting a job based on your skills and interests is important, because on average, a person with a full time job works approxi
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C. 2000 hours a year.

Hope it helps!
6 0
2 years ago
If management identifies even one material weakness in internal control, then management will conclude that the organization’s i
solong [7]

Answer:

Statement is true

Explanation:

Internal control over financial reporting was designed to give assurance related to financial statements preparation and authenticity of financial reporting.

Material weakness refers to inefficiency in internal control which could lead to misstatement in financial statement thereby making financial reporting unreliable. As such, even one material weakness would prove ineffective internal control over financial reporting.

8 0
3 years ago
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