An
initiative is a reform enabling voters to approve an amendment to their state
constitution. It is a process making citizens circumvent the state legislature
by putting proposed statutes and amendments in constitution. <span>There are two
types of initiatives: Direct process and proposals are direct initiative. Indirect
process is when the initiative is given to the legislature.</span>
The law of supply states that the price of services and goods increases, its factors being equal, the offer of quantity goods and services increases.
If the price goes up the supplier maximizes profits by way of increasing the quantity which is being offered for sale. <em>Factors which include supply are</em>,
1. Cost of production. When the supply of a certain product decreases then its cost product increases.
2. Natural condition. Climate mostly affects supply of different products. For example, when monsoon comes, there is an increase in agriculture products.
3. Technology. When technology is high there is increase in products and also increase in supply.
<em>A good example which illustrates the factors of law of supply, lets say when a student who is in college finds that a course like actuarial science pays well than professor job then there will be supply of students and actuarial science will increase mor student who will be doing it. </em>
Answer:
Customer orientation.
Explanation:
This orientation is defined by the satisfaction of the customers. Both staff and management aling their focus on satisfying the long-term needs or wants of the client to retain them. As the example says, CarMax makes the buying process simple and easy for costumers, which, in turn, surely will rely on this business.
