There is competitive supply,if an increase in the output of one commodity requires a reduction in the output of another commodity.
list examples of competitive supply
It is the price where demand equals supply in a competitive market.
a perfectly competitive firms supply curve will be the portion of the marginal cost curve which lies above the average variable cost curve (AVC)..this will be due to the firms unwillingness to supply below the price in which they could cover their variable costs
A demand and supply curve is used in economic to show that in a competitive market, the price of a product will vary depending on the need of the consumers.
In a competitive market, it will produce an excess of supply (for the floor price, supply is bigger than demand)
list examples of competitive supply
Competitive supply is supplies that could be produced using the same equipment that you use to produce another supply. For example, spaghetti and meatballs are competitive supply with lasagna, because they are made with the same ingredients.
What competitive advantages can a lean supply strategy confer on the manufacturing industry? Explain in detail how these advantages are secured and maintained.
It is the price where demand equals supply in a competitive market.
Strategic Fit meansthat both the Competitive and Supply Chain Strategies have algned goals. It also refers to the consistency between the customer priorities that the Competitive strategy hopes to satisfy and the Supply chain capabilities the Supply chain strategy aims to build. For an example IKEA and Walmart
the recent advancements made in the IT systems help the companies to get the visibility in the supply chain and to communicate with supply chain partners instantly in oredr to keep their supply chain very competitive. the recent advancements made in the IT systems help the companies to get the visibility in the supply chain and to communicate with supply chain partners instantly in oredr to keep their supply chain very competitive.
B. Perfectly elastic This is because it is operating in a perfect competitive market
a perfectly competitive firms supply curve will be the portion of the marginal cost curve which lies above the average variable cost curve (AVC)..this will be due to the firms unwillingness to supply below the price in which they could cover their variable costs
A demand and supply curve is used in economic to show that in a competitive market, the price of a product will vary depending on the need of the consumers.
In a competitive market, it will produce an excess of supply (for the floor price, supply is bigger than demand)
A demand and supply curve is used in economic to show that in a competitive market, the price of a product will vary depending on the need of the consumers.
increase in prices