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What are the Disadvantages of a construction Fixed Price Contract?
The disadvantage of a fixed price contract is work can be incomplete or sloppy if they fall behind. When a vendor is working on a fixed price contract, they do their best to keep their cost down. The more they save themselves, the more they profit. In efforts to keep their profit margins high, they could reduce the quality of their work.
What are the Disadvantages of a construction Fixed-Price Contract?
The disadvantage of a fixed price contract is work can be incomplete or sloppy if they fall behind. When a vendor is working on a fixed price contract, they do their best to keep their cost down. The more they save themselves, the more they profit. In efforts to keep their profit margins high, they could reduce the quality of their work.
If demand and supply is limited but the demand is high how would the price be affected?
yes, because supply is limited and the demand is high then pretty much the price will be affected. since the shortage of supply, and high demand, then price will be high price and very expensive
Why do sneaker companies sell their products at a high price?
Because people will pay that much. They don't have to sell at a high price; they just can and do.
What is Microsoft's all- time high price?
Because they Earn a lot.
Why didn't anyone stop the holocaust?
because the price was too high.
Why is there a high cost for a Georg Jensen Bracelet?
Georg Jensen bracelets have a high price because they are made from high-quality materials. They are also make by top designers which increases the price.
Why are Vicuna endangered?
They are endangered because they are killed for their fur and skin because it is worth a high price!
Texas law What options do you have for a dispute with your contractor over price done on a home He wants to charge me 41 000 other contractors tell me that's really high We are under contract?
You need to have your contract reviewed by an attorney.
If the price of oil rises around the world what will happen to oil production in Texas?
They will produce less of it because when the price raises, the buyers want less of it because the price is too high.
Does high heat shrink clothes?
Yes, high heat can shrink clothes because it can cause the fibers in the fabric to contract and become tighter.
In a market economy a high price is a signal for?
rising profit, because in case of scarcity, the price signal induces producers to increase their capacity because rising price means rising profitability. :)
