If the price of sugar falls it will affect the quantity supplied of the sugar. As it will lead to the decrease in the supplied quantity.
<h3>What causes a
fall in the equilibrium price?</h3>
A decrease in equilibrium demand and an increase in equilibrium supply will lead to a drop in equilibrium price, but the effect on equilibrium quantity is unpredictable.
Prices will drop because producers are ready to accept a lower price and consumers now place less value on the product, regardless of the amount.
Reduced demand will cause the equilibrium price to fall and the supply to increase.
Thus, it leads to the decrease in supplied quantity.
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Question Completion:
Dimension Importance Spike Olaf Andy
Cost 4 1 5 3
Reliability 2 5 2 3
Cost 3 3 3 4
Answer:
Great Pumpkin Inc.
Great Pumpkin should choose Olaf Manufacturing with the highest weighted score of 33.
Explanation:
a) Data and Calculations:
Dimension Importance Spike Olaf Andy
Cost 4 4 (1*4) 20 (5*4) 12 (3*4)
Reliability 2 10 (5*2) 4 (2*2) 6 (3*2)
Cost 3 9 (3*3) 9 (3*3) 12 (4*3)
Total weighted scores 23 33 30
b) Based on the total weighted scores, Olaf Manufacturing performed best among the three companies. It should be chosen. To obtain the weighted scores for each company, the scale it obtains under each dimension is multiplied by the importance of the dimension. This is done for each dimension and each company before the total weighted scores are obtained and the company with the highest score is adjudged the winner.
Hey there,
<span>Answer to What is the Average Inflation Rate if the old price was $200, the new price is $350, and the average budget is $500?
Your correct answer would be (375). This would basically be in the half of the number listed above.
Hope this helps.
~Jurgen</span>
<u>Answer: </u>Outsourcing refers to having work performed overseas.
<u>Explanation:</u>
Outsourcing means the business hires third party firms for performance of service or product. Companies adopt this measure to reduce their business costs. With the help of outsourcing the overhead and labor costs can be cut down.
Contract manufacturers produce goods on behalf of the company for cost benefit purpose or availability of raw materials. One of the disadvantages of outsourcing is that the sensitive information about the company may be leaked. Through outsourcing some of the activities the company concentrate on core business activities.
