When the price floor is set above the equilibrium price, the quantity supplied exceeds the quantity demanded, creating an oversupply or surplus. When government laws regulate prices instead of letting market forces set prices, this is the equilibrium price affect quantity demanded and quantity supplied.
If demand does not change, there is an inverse relationship between supply and price of goods and services. When the supply of goods and services increases at the same demand, prices tend to fall resulting in lower equilibrium prices and higher equilibrium quantities of goods and services.
Setting the price cap below the equilibrium price causes demand to exceed supply, resulting in overdemand or shortage. A floor price prevents the price from falling below a certain level.
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It looks tricky but its actually simple. Bank statement shows
balance is $1054.13 while Bess check register shows $869.96. For us to know the amount of the
check that was not approved is to get the difference of the bank statement and
Bess check register. $1054.13 minus 869.96 is $184.17. Therefore, the answer is
letter B.
Answer:
The correct answer is A) "takes a step-by-step, linear view of purchase-production-consumption activities"
Explanation:
The term supply chain is considered limited because it takes a step-by-step, linear view of purchase-production-consumption activities
Because consists of upstream and downstream partners to the company and suggests that raw materials, productive inputs, and factory capacity should serve as the starting point for market planning. A better term for this, would be the "demand chain"
The purchasing function helps to gain competitive advantages by reducing costs associated with the value chain, increasing efficiency and total quality.
<h3 /><h3>What is a Strategic Sourcing Plan?</h3>
It corresponds to an approach of aligning the organizational purchasing strategy to the objectives stipulated by the planning, helping in the management of the supply chain for greater effectiveness in the use of information associated with purchases.
Therefore, a sourcing plan will help to reduce purchasing costs, speed up deliveries and choose the ideal suppliers for the business.
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A clothing haul of shirts with horses on it ig
