Dorian owns a farm and sells potatoes to local restaurants and grocery stores. The phrase describes this information about Dorian's business is supplier in the factor market.
Economists refer to all of the resources that firms utilize to buy, rent, or hire the equipment they use to generate goods or services as the "factor market."
The factors of production include raw materials, land, labor, and capital as they are what are required to meet these needs.
The input market is another name for the factor market.
By this definition, all markets fall into one of two categories: those that provide businesses with the resources they require, or those that provide consumers with the goods and services they need to make purchases.
Hence, the phrase describes this information about Dorian's business is a supplier in the factor market. As Dorian's business is to farm and sell potatoes to other businesses which use these as raw materials.
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Answer:</h2><h2>Option C: Brandfest</h2><h2>Brandfest is described as an event that a company hosts to than its loyal customers.</h2>
Explanation:
Brandfest is the most important way to thank its loyal customer and bring more business by sustaining the brand name.
Entrepreneur: He is the person who sets up the business.
Crowdsourcing: Obtaining information from a large number of people.
Value proposition: This is an attractive way in marketing to impress and bring more business
Folksonomy: This is to segregate items online according to the category. This is done with the help of tagging an item.
Answer: The small frequent purchases means purchasing small budget goods and services in a short duration.
Explanation:
Advantages of small frequent purchases: It reduces the inventory levels.
Disadvantages of small frequent purchases: It increases the inbound transportation costs.
Using fewer supplier means to fill up the delivery transportation to its capacity of loading so that goods can be delivered at low transportation cost.
Answer: The answer is trade deficit.
Explanation: Balance of trade is represented by net exports (exports minus imports) and is usually influenced by factors that affect international trade. Those factors inflation include: inflation, natural endowment, exchange rate, trade policy, pandemics (e.g., coronavirus).
A trade surplus occurs when the value of a nation's exports is more than the value of its imports. However, trade deficit occurs when the opposite happens.
