Answer:
(a) Purchased supplies on account.
Increase assets and liabilities
(b) Received cash for providing a service.
Increase assets and equity
(c) Expenses paid in cash.
Decrease assets and equity
Explanation:
(a) The company acquire an assets but to do so; it take a liability. In the future it will be forced to pay the credit given today
(b) The company receive an assets(cash) by prvoviding services which is the main activity. The equity represebt both, the owner investment and the earning of the business. In this case this is an earning so it increase equity
(c) The rgannizatioon used an asset to afford their obligation. This is a negative result thus; equity decrease
Answer: "The rise in the price of a pair of running shoes will increase the supply of running shoes".
This statement is <u><em> false</em></u> because <em><u>a decrease in demand for running shoes does not increase the price of a pair of running shoes and an increase in the price of a pair of running shoes does not increase the supply of running shoes. </u></em>
This occurs as the price of a pair of running shoes increases,therefore decreasing the demand and thus the supply will not increase.
Answer:
procurement factors
Explanation:
A consumers buyer behavior is influenced by four major factors; cultural, social, personal, and psychological factors. These factors cause consumers to develop product and brand preferences
Procurement is used to ensure the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and price fluctuations
