Supply refers to a relationship between price received for each unit sold and the quantity supplied.
<h3>What is supply?</h3>
Supply refers to the relationship between the price of an item and the quantity supplied. The relationship between price and the quantity supplied is positive. This is in line with the law of supply.
The law of supply states that when prices increase, the quantity supplied increases and when price falls, the quantity supplied falls.
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Answer:
Roger has just recognized that he has a problem or an unsatisfied need.
Explanation:
The first step in the consumer buying process is recognizing a problem or unsatisfied need. The customer's reality crashes with the customer's desires. At this point the customer realizes that he/she has a good reason to buy something, since he must satisfy his/her unsatisfied need or solve the problem.
Answer:
1. Enhanced customer service.
2. Employee retention.
Explanation:
1. Enhanced customer service - motivated employees always take ownership of their job. In hospitality, it is important to provide best quality customer service. Having motivated employees mean employees are ready to serve customers in the best possible way.
2. Employee retention - since a new hotel has just opened up, they will be looking for hiring people locally, to retain her current employees it is important for Sasha to keep her employees motivated.
Answer:
The cost of the ending inventory is $3,960
Explanation:
Under fifo method of valuation the unit are expensed in cost of good sold statement in order of their purchase. The purchase price of unit purchase first are charged in profit and loss account when sale is made. So the cost cost assign to ending inventory will be that of last purchase made. Detail calculation is given below.
Total Stock Remaining =26 units
10 units at 160 dollars = $ 1600
12 units at 150 dollars = $ 1800
4 units at 140 dollars = $ 560
Total value = $3,960
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