The action that the retailer could take is that He or she can ask the supplier for an explanation for the price increases and then he can Keep raising retail price of the item(s) to compensate for the price increases from the supplier.
<h3>What brings an increase in gross profit margin?</h3>
A retailer can experience an increase in the sales volume and this is one that can lead to a reduction in the cost of goods sold based on the fixed manufacturing cost per unit is said to be smaller as production volume is getting bigger.
An increase in sales is known to be one that is followed by a decrease in cost of goods sold per unit that therefore leads to a higher gross profit margin.
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Answer:
TRUE
Explanation:
Supply is sellers ability and willingness to sell a good at given price, time period.
Price of Inputs is a factor negatively effecting Supply. This implies decrease in supply at high input prices (because of lower profit margin), increase in supply at low input prices (because of higher profit margin).
Increase in Supply means rightwards shift in upward sloping supply curve, Decrease in Supply means leftwards shift in upward sloping supply curve.
Steel is an input used in car manufacturing; so increase in steel price will decrease car supply & shift the supply curve leftwards. This will create excess demand/ deficient supply/ shortage of cars in the market at old equilibrium price.
This shortage will then create competition among buyers & increase price, which will contract demand & expand supply - establishing new equilibrium.
Answer:
D. contingency planning
Explanation:
A contingency plan is a plan that is made to take account of a future occurence or event that might affect the workability or effectiveness of the current plan.
A very simple example of contingency plan is keepin an umbrella with you at all times just incase it starts to rain.
cheers.
A business operated by state legally...... is called corporation
Vertical cooperative advertising is usually legal, except when bogus advertising allowances are given in the form of hidden price concessions.
