Answer: Option B
Explanation: In simple words, contingency planning refers to the planning which is done by an organisation to effectively respond to a problem that may arise in the future. This is done for those problems that affects the whole organisation.
Just like every other planning it also takes both internal and external environment into consideration. There is no fixed time frame for which the contingency planning is done.
Hence from the above we can conclude that the correct option is B.
Answer: Option (d) is correct.
Explanation:
Correct Option: Quantity demanded is greater than the quantity supplied.
Excess demand for a product occurs when quantity demanded is greater than the quantity supplied at the ongoing price. When their is a shortage of goods in a market. Excess demand is also known as shortage.
Excess supply occurs in a situation where quantity supplied is greater than the quantity demanded.
Answer:
4.535 times
Explanation:
cost of goods sold = $9,565 million
ending inventory of = $2,233 million
average inventory = $2,109 million
Inventory Turnover = Cost of Goods Sold/Average Inventory
Inventory Turnover = $9,565 / $2,109 = 4.535 times
As the price of computers falls the quantity of computer demand increases. This is an application of the law of demand.
What do you understand by the Law of Demand?
According to the law of demand, pricing has an inverse relationship with the number of goods purchased. Alternatively said, the quantity requested decreases as the price increases. Decreasing marginal utility is what causes this.
What is the Law of Decreasing Marginal Utility?
According to the law of diminishing marginal utility, consumption grows at the same time that the marginal utility from each new unit decreases. The incremental gain in utility caused by consuming one more unit is called the marginal utility. The word "utility" is used in economics to denote happiness or contentment.
Know more about the Law of Demand:
brainly.com/question/10782448
#SPJ4
