Answer:
The correct answer is : A-Y, B-Z, C-X
Explanation:
Niche is a business strategy in which a specific buyer group or regional market is focused.
Imitation is the strategy of adopting the best practices of another company usually a firm which was first in the market. It is a low-cost strategy.
High-speed strategy concentrates on speed. It is based on the belief that time is money.
Answer:
34,000 units
Explanation:
Given that,
Budgeted sales = 32,000 units
Ending inventory required = 6,000 units
Beginning inventory = 4,000 units
Hence,
Number of units = Budgeted sales + Ending inventory - Beginning inventory
Number of units = 32,000 units + 6,000 units - 4,000 units
Number of units = 34,000 units
Therefore, 34,000 units must be produced to also meet the 6,000 units required in ending inventory.
Procurement is the supply chain function responsible for acquiring raw materials, component parts, tools, services, and other items required from external suppliers.
<h3>What is procurement?</h3>
Procurement is a branch of supply chain that deals with buying of materials or goods for production purposes.
Procurement give account of all the logistics involved and the materials bought.
Therefore, Procurement is the supply chain function responsible for acquiring raw materials, component parts, tools, services, and other items required from external suppliers.
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A soft drink's price elasticity of demand is lower than Coca-Cola's, which is more sensitive to price. This is due to the ease with which consumers can switch from Coca-Cola to other comparable soft drink alternatives, such as Pepsi.
- However, it would be challenging to replace soft drinks as a whole with alternative products. The price elasticity of demand for soft drinks, in general, is lower than the price elasticity of demand for Coca-Cola because there are no other close substitutes for them.
- The quantity required of a thing or service changes in response to a change in the product's price, and this is measured by the price elasticity of demand. It is computed by subtracting the product's price change from the quantity demanded, divided by the product's price change.
- Because the quantity of Coca-Cola products demanded frequently changes when prices vary, these products are thought to have an elastic demand.
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