It is to be noted that the demand for sandwiches and ice cream cones consumed after the price of ice cream cones rises to $2 a piece will both reduce (all things being equal).
<h3>Why would the demand for both items reduce?</h3>
The demand for both goods will both come down because they are complementary or joint demand goods.
A pair of goods are termed "joint demand" when both must or usually is consumed with the other.
Recall that (where all things are equal) demand will decrease as price increases.
Learn more about demand at;
brainly.com/question/1245771
#SPJ11
Answer:
moral of the market
Explanation:
According to my research on the free market, I can say that based on the information provided within the question this is also referred to as the moral of the market. This, like mentioned in the question, is basically the act of thinking about other people as well as what is morally right when dealing with production and selling of goods in a free market.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer: Partnership
A partnership is a from of business ownership who come together with mutual consent in order to manage the business and share its profits.
The terms and conditions of this agreement and the quantum of profit for each partner is clearly stated in a document called the partnership agreement.
All the partners who actively manage the business and share the profits are called General Partners. The general partners are jointly and severally liable for the debts incurred by the partnership.
Answer:
The difference between the function of an accountant and an auditor is that the accountant is responsible for keeping the administration of all the financial records of the company, and the auditor is responsible for ensuring that all these processes are in accordance with the laws.
both differ with professionals who do not belong to the branches of economic sciences.
Answer:
if cooperative relationships will get better results than competition.
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers.
Generally, supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers. The fundamental principle of supply chain management is the complete collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing (producer), a supplier, a wholesaler and a retailer who typically sells the products to the customers or consumers (buyers).
Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.
A buyer-supplier partnership can be defined as any commercial transaction that arises between business firms for the purchase and supply of finished goods and services at a specific period of time.
One of the main concerns about buyer-supplier partnerships is, if cooperative relationships will get better results than competition.
This ultimately implies that, a buyer-supplier partnership is focused on exploring the option of cooperative relationship between multiple businesses so as to facilitate or improve the availability of finished goods and services for the end users (buyers). This relationship is opposed to having businesses compete against each other in the market.