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How do you think the Hudson Bay Company meets the supply and demand for today's customers?
Wiki User
∙ 13y ago
i thinks the supply is carried to the shop by a truck and the demands are the shop keepers
Wiki User
∙ 13y ago
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What determines the supply and demand of the factors of production?
The demand for labor is a derived demand in that it depends on a company's decision to supply output in another market. This expansion in a market that has customers is the main factor in how much the demand for labor will increase.
How does law of supply and demand affect the labor market?
Salary of employed individuals are totally associated with the laws of demand and supply.More demand mean more resource required. Resource in terms of human and monetary capital. When the demand is high company will hire hardworking employees at a high wages, in order to fulfill the need of the customers. on the other hand, if the demand is low then it automatically means supply is low. When the supply is low, company will go for downsizing or reduce the wages of the employees. the wage is reduced because supply is low, and resource becomes burden on the company.
What is supplyand demand?
Supply is the amount of a product that companies are manufacturing. Demand is the amount of a product that customers wish to purchase. When people talk about supply and demand they normally refer to supply and demand curves, and where they intersect is the market equilibrium price and quantity of the product offered. As price increases, companies will want to supply more of a product to make more money, but customers will demand less because they are less willing to pay higher prices for a product. (By product, I mean good and services)
What happen when demand and supply are not equal?
When demand is higher than supply prices are going up, at some level customers don't want to buy and sales are going down. When supply is higher than demand prices are going down, at some level demand is again higher than supply and prices are going up.
How does profit affect supply?
Well, say a company has a whole bunch of a certain type of product. They have plenty of "supply." But if they don't have that many customers to buy that product, then they don't have a lot of "demand." Therefore, in order for them to sell the product, they need to make it cheaper to get rid of it. And it works opposite too. If they have little of the "supply," and lots of "demand," they will increase the price, so they can make a better profit.
What determines the supply and demand of the factors of production?
The demand for labor is a derived demand in that it depends on a company's decision to supply output in another market. This expansion in a market that has customers is the main factor in how much the demand for labor will increase.
Law of supply and demand which one starts?
In the law of supply and demand, the first to start is the demand as customers are wanting the particular service or product that is being offered.
How does law of supply and demand affect the labor market?
Salary of employed individuals are totally associated with the laws of demand and supply.More demand mean more resource required. Resource in terms of human and monetary capital. When the demand is high company will hire hardworking employees at a high wages, in order to fulfill the need of the customers. on the other hand, if the demand is low then it automatically means supply is low. When the supply is low, company will go for downsizing or reduce the wages of the employees. the wage is reduced because supply is low, and resource becomes burden on the company.
What are merits and demerits of advertising?
MERITSIt increases the sales of the company.It makes the customers aware about the image of the company.It attracts new customers and creates brand loyalty in the previous customers.If a company introduces a new product in the market then the company can use advertising strategy to inform the customers.DEMERITSIt requires a lot of budget.It can create issues of under demand and under supply for the company and dislocates the demand and supply equilibrium for the company.It can also distort the mission of the company and the image of the company in the market through wrong concept in advertisements.Over advertisement of a company can create a fuss among the customers.
What is supplyand demand?
Supply is the amount of a product that companies are manufacturing. Demand is the amount of a product that customers wish to purchase. When people talk about supply and demand they normally refer to supply and demand curves, and where they intersect is the market equilibrium price and quantity of the product offered. As price increases, companies will want to supply more of a product to make more money, but customers will demand less because they are less willing to pay higher prices for a product. (By product, I mean good and services)
What is Domestic Market?
A domestic market is the supply and demand of goods, services and securities. It is also referred to customers who deal with only one company, though it engages in several segments in a market.
How Market is made up off in Economics?
Market is made up of consumers where the element of product/service demand occurs. When the demand is generated suppliers have to fulfill the demand of the customers through the supply of product/service. In short demand and supply makes the market.
What type of company is JR Music Supply?
The JR Music Supply company is the type of company that provides musical products to its customers. The company is frequently used by a variety of musicians.
What happen when demand and supply are not equal?
When demand is higher than supply prices are going up, at some level customers don't want to buy and sales are going down. When supply is higher than demand prices are going down, at some level demand is again higher than supply and prices are going up.
What we called suppliers distributors and customers partner with each other to improve the performance of entire system they are participating in a 1.supply 2.supply and demand chain 3.demand chain?
value delivery network
How does profit affect supply?
Well, say a company has a whole bunch of a certain type of product. They have plenty of "supply." But if they don't have that many customers to buy that product, then they don't have a lot of "demand." Therefore, in order for them to sell the product, they need to make it cheaper to get rid of it. And it works opposite too. If they have little of the "supply," and lots of "demand," they will increase the price, so they can make a better profit.
If a company raises its price for holidays over the equilibrium price the demand will decrease the supply?
decrease and the supply will increase.
