Answer:
get competitive bids from at least three prospective suppliers
Explanation:
In these specific situations, organizational buyers must often get competitive bids from at least three prospective suppliers. This is because due to the fact that the purchasing amounts are very large there can also be large amounts of money saved by saving a couple of percentages on a purchase. Also since the seller can make large profits from a large order like this one, most suppliers place competitive bids in order to win the transaction.
Explanation:
It is correct to say that we live in a globalized world, where there is a lot of competition in the business market and where the flow of information occurs very quickly. Therefore, there is a greater demand from society for companies to be active promoters of practices that will lead to the development of society and the maintenance of scarce natural resources.
Companies that act in an environmentally responsible manner will obtain the benefits of certifying to their stakeholders that they are active agents of transformation and prevention of the environment, which can be accomplished through environmental certifications, environmental management systems, compliance with environmental legislation, etc. , which ensures that companies have a better positioning in the market, attracts more consumers and investors, in addition to improving production processes with environmental management systems, which promotes continuous improvement in the company, reducing costs and waste.
Answer:
C. The price of an input has been affected; supply will increase
Explanation:
Blueberries are an input in the production of pies. The bountiful harvest would reduce the price of blueberries. The demand for blueberries by bakeries would increase and the supply of blueberries would increase.
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Answer:
Explanation:
Before trade price is 1.75 and quantity is 125 million tons
After free trade, world price becomes domestic price so it is $1 per ton
At this price quantity supplied is 50 million tons and quantity demanded is 200 million tons
Amount of imported coal is the difference between QD and QS which is 200 - 50 = 150 million tons
Till 50 million tons, domestic supppliers supply. From 50 to 100 million tons, the foreign producers supply and after 100 million tons, domestic supply shifts so the new domestic price after quota is 1.50 per ton
At this price total supply is 150 million tons and total demand is also 150 tons. Domestic supply is 100 million tons and domestic demand is 150 million tons
New amount of imports are 50 million restricted by quota
Revenue to government is quota rents and it is (1.50 - 1.00)*50 million = 25 million. Revenue to producers is 0.5*(1.50 - 0.50)*100 million = $50 million