0
Supplier cost is usually lower than supplier price because once something has been bought, the supplier would mark up the price in order to make a profit.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What is the difference between sundry suppliers and creditors?
supplier means who is provided for the material and other goods,human related services to the organization he is a supplier. creditor means who is money related services provided to the organization. he is a creditors
Provide Examples of prices can be pulled up on the demand side and how prices can be pushed up on the supply side?
Examples of prices can be pulled up on the demand side : Lets say the whole supply or producton of chickens is 1000 pieces per month for 10K users. Suddenly there is an increasing number of buyers or users due to festivals for example. The supplier for chickens will raise the price knowing that users will still buy their chickens eventhough at higher price rather than increase the production which shall also add their production costs. Examples of prices can be pushed up on the supply side : When suppliers faced in the increasing price of items related to their production of chickens for example, the rising cost of chicken's foods and services charges, the supplier will raise the price of their chickens to cover their additional cost of productions. However there is another factor other than supply & demand and the rising cost of services charges that can contribute to the hike of items in the market today...
Cost of a product before profit is added - what is this called?
This is called cost price. Companies buy stock at cost price then add their profit and sell at retail price.
What is a sole supplier?
It is the "Only" supplier.
Are The Cost Related To Invoice Factoring Deductible?
Yes, the cost related to invoice factoring is deductible as a business expense.
Supplier price response to excess demand?
supplier would increase the price
What services are provided by CRM Software supplier?
The services which are provided by CRM Software Supplier company are all related to software. They sell software packages in a great range of price and variety.
What is the price per therm for LNG in the UK?
That depends on who your supplier is ! Every supplier will set their own price.
What is an opening price point?
lowest price supplier can offer
The amount a supplier is willing and able to supply at a certain price?
quantity supplied: amount a supplier is willing and able to supply at a certain price
What does it cost to rent a limousine?
That depends on which country and which town you live in. All suppliers charge a different price, go and get a quote form you nearest supplier.
What is the tendency of supplier to offer more of a good at a good higher price?
The law of supply. This theorem reflects the usual assumption that cost functions satisfy Innada conditions.
What is the definition of retail price in math?
It is the "normal" price of goods or services offered by a supplier to the consumer.
What is the difference between the selling price of an article and the cost of the article?
Based on the way this question is phrased, the answer to it would be a basic one in business and economics. A company tries to sell a product (article) at a price higher than it cost to purchase it from a supplier. An example of this would be a retail clothing store. This type of store buys clothes at a certain price, meaning its cost, then will sell, if it can, the cloths at a higher price to the public in order to make a profit.
How much are the Corner Cube Retroreflectors?
The price is related with different size and specification you want? Different requirement, different cost, different price.
What is a good word that means you work with your supplier to get the best price?
Negotiate
Why do some firms no longer rely only on competitive bidding when awarding purchase contracts?
Every firm want that they made a low cost product and earn more profit and that way they don't rely on one supplier because price of a product change after a some time so at that time other supplier offer a less price product which we wants
