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3 years ago

Describe the relationship between supply and demand in your own words

Business

1 answer:

Tanzania [10]3 years ago

5 0

Answer:

Supply: In economic terms, supply is the amount of resources or products that are provided by the company or an organization to the public or the targeted marketed. For example a toy making company would be providing toys to people with children, who are in need of toys.

Demand: It is an economic concept that states the need of a product or service. People or organizations have needs which are fulfilled by products and services. For example, the need for toys of people with children is known to be their demand which is then fulfilled by companies.

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Helen,a manager for Marshall Manufacturing,spends much of her time reviewing the global,technological,socio-cultural,competitive

Marrrta [24]

Answer:

a. True

Explanation:

The environment scanning means the scanning of the environment. In this, the information is collected with respect to the events and their relationship of an organization that could be internal and external. The main motive of this is to be measure the direction of the organization in near future

Also it identified the factor that impacts the success of the marketing

Therefore the given statement is true

4 0

3 years ago

if you argue for increasing the dues for your social club in order to keep the club solvent, even though some of the members mig

sukhopar [10]

Answer: Utilitarian approach

Explanation:

The Utilitarian approach is one of the type of concept that helps in understanding the final outcome and also the consequences in the given situation that provide the net benefit to the stakeholder in an organization.

The importance of the Utilitarian approach is that it provide the ethical choices and the principle by choosing the right action and avoiding all the negative circumstances.

According to the given question, the Utilitarian approach increase the overall dues of the social club by keeping the club solvent. So, based on the given situation we choosing the Utilitarian approach for the moral reasoning.

Therefore, Utilitarian approach is the correct answer.

8 0

3 years ago

In economics, the demand for a good refers to the amount of the good people a. would like to have if the good were free. b. are

Y_Kistochka [10]

Answer:

b. are willing to buy at various prices.

Explanation:

The demand of good in economics is clearly the goods that people want and are ready to pay different prices for such goods.

The goods are valuable to different people depending upon their different needs and shall be of different satisfaction to different people.

People will pay for the good according to the capacity and need.

The demand of goods does not mean the number of goods to be bought when can be received free of cost. This is because that might include the un-necessary wants of a person, but not the real demand.

4 0

4 years ago

Which of the following points represents efficiency?

LuckyWell [14K]

Answer: D

Explanation:

7 0

3 years ago

Champagne, inc., had revenues of $12 million, cash operating expenses of $8 million, and depreciation and amortization of $1.5 m

Hoochie [10]

The free cash flow can be calculated as below:

Revenue 12000000

Less: Expense (8000000)

Less: Depreciation (1500000)

Earnings Before Tax 2500000

Less Tax (750000)

Earnings after tax 1750000

Add Depreciation 1500000

Total Cash Earnings 3250000

Less: Change in Working Capital (500000)

Less : Purchase of Asset (700000)

Free Cash Flow 2050000

Thus Free Cash Flow can be calculated as above.

4 0

4 years ago