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nikklg [1K]
2 years ago
6

An organization has a standing order with a supplier. the organization has ordered the same product in the same quantity monthly

over the past year. the purchasing manager has decided to change suppliers in order to get a better price. the order the purchasing manager places with the new supplier is an example of a ________.
Business
1 answer:
evablogger [386]2 years ago
7 0

Answer:

Modified Rebuy.

Explanation:

Modified Rebuy can be defined as the desires of a buyer to re-purchase or reorder the products previously bought but with certain modifications either in prices, products, suppliers, or terms. The buyer may modify the current purchasing terms because he may not be satisfied with the supplier or may have some new requirements.

In the given case, the modification in supplier has been made by the organization to get a better price. Thus this is an example of modified rebuy.

So, the correct answer is modified rebuy.

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Total revenue:
pishuonlain [190]

Answer:

remains unchanged as price increases when demand is unit elastic.

Explanation:

Total revenue = price × quantity

Demand is elastic when a small change in price has a greater effect on the quantity demanded.

If price is increased and demand is elastic, quantity demanded would fall more than the increase in price and total revenue falls.

Demand is inelastic if a small change in price has little or no effect on quantity demanded.

If price is increased and demand is inelastic, change in quantity demanded would be less than changes in price. As a result, total revenue would increase.

Demand is unit elastic if a change in price has an equal proportional effect on quantity demanded. The elasticity of demand always sums up to one.

If price is increased and demand is unit elastic, there would be no change in total revenue.

I hope my answer helps you

5 0
3 years ago
Tidy Service Company performed cleaning services during December 2019, but had not collected any cash from its customers as of D
vredina [299]

Answer:

The service increased assets and increased stockholders' equity

Explanation:

Based on the information given the impact that

did performing these services have on the accounting equation will be THE SERVICE INCREASED ASSETS AND INCREASED STOCKHOLDERS' EQUITY reason been that

when Performing the services will help to generate revenue,

5 0
3 years ago
Ted's company has recently reorganized. He has been reassigned into a new role for which he feels unprepared, and he is not sure
Paul [167]

Answer:

These are the options for the question:

  • Peer pressure
  • Personality conflict
  • Climate of mistrust
  • Fear of failure

And this is the correct answer:

  • Fear of failure

Explanation:

Ted is afraid of failing at his new role, he is suffering from fear of failure. This is because Ted was accustomed to completing a set of tasks specific to his previous position in the company.

Now that the company has reorganized, he has been given a new position, and new tasks to complete, and he does not feel at ease at first, likely because he lacks first-hand experience with some of the tasks.

4 0
3 years ago
Bonds are considered to offer a guaranteed return, as they must be honored by law, but which is still a potential risk that inve
andrew11 [14]
The potential risk that the investors may face when this is made use is that the issuer may not be able to make profit when the bonds are considered to offer as a guaranteed return because they are honored by law and with that, this will cause the value of the bond to be lowered when exposed in the market in which the return will also be lower when return to the investors. 
7 0
3 years ago
Read 2 more answers
Carolina City places an order for a specific item of equipment and encumbers $6,000 for that item. The equipment arrives with an
IceJOKER [234]

Answer:

Dont care about your questions

7 0
3 years ago
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