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For whom do you produce goods and services?
That's easy, you produce them for customers.
For whom are the goods produced?
for customers
What commodities are produce how are goods produce and for whom are goods produce?
they let the customers and citizens decide.
What are the 3 basic economic questions?
The three basic economic questions are:What goods and services should be produced?How should the goods and services be produced?For whom should the goods and services be produced?
What do you call a person whom takes charge of the sales of goods in public?
A Vendor
What is bailee meant for?
THE person to whom that goods or something are delivered is called the bailee
What are the definition of bailee?
A person to whom property is bailed
What is a consignee?
What is a consignee? A consignee is the person to whom goods are shipped. A consignee is the person who is assigned to accept or receive the goods. A consignee is also a person who is assigned to hold goods for delivery or sale by another agent or party.
What do you mean by consignment?
The goods are sent to the agents for the purpose of sale on behalf of the producers and suppliers is known as consignment. The person wsho is consigning the goods is known as consignor or principal and to whom they are consignee or agent.
When is revenue recognised for consignment sales?
Revenue is recognized for consignment sales by the supplier after the retailer (whom the goods were delivered on consigmnet to) has sold those goods. So, if 100 items were consigned too a retailer by a supplier, and the retalier sells 20 of those items; then only the revenue from the 20 items sold by the retalier are recognized as income by the supplier.
For whom do you produce goods and services?
That's easy, you produce them for customers.
For whom are the goods produced?
for customers
What commodities are produce how are goods produce and for whom are goods produce?
they let the customers and citizens decide.
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
What are Five problems all economic systems face?
Which goods should be produced? How will the goods be produced? For whom will the goods be produced? How much goods should be produced? At what rate will the goods depreciate? A+
What are the five problems all economic system face?
Which goods should be produced? How will the goods be produced? For whom will the goods be produced? How much goods should be produced? At what rate will the goods depreciate? A+
What do you mean by bailment and What are the requisites of a contract of bailment?
Bailment :-A bailment is a delivery of goods one person to another for some purpose upon a contract that they shall be returned or otherwise disposed of according to the directions of the person delivering. The person delivering the goods is called the "Bailor". The person to whom they are delivered is called "Bailee".Example :- Mr. Jhon enters into agreement with Miss. Sony to deliver her laptop to him on this condition that it shall be returned to her after one month. In this example Mr. Jhon is a Bailee and Miss. Sony is a Bailor. Laptop is good bailed. It is a contract of Bailment.Essentials or Features of Bailment :-Following are the important essential of bailment :1. Contract :-It is the basic essential for the bailment. For the delivery of goods contract between the two parties is necessary. Contract may be oral or written, implied or expressed.2. Moveable Property :-It is the main feature of bailment that it is only for the moveable property and not for the immoveable property.3. Delivery of Goods :-It is also necessary that goods should be delivered by one person to another.4. Change of Possession :-Bailment contract also brings change in the possessions of the goods. Only b without possession is not sufficient for this contract.5. Purpose of Bailment :-The object of bailment may be for the safety of goods or for hire or for the use.6. Temporary Delivery :-The delivery of the goods may not be for the permanent purpose. it is essential that delivery must be made for the temporary purpose.7. Ownership :-right of ownership remains with bailor and it does not change by the delivery of goods to other person.8. Change In Shape :-If bailed goods shape changes in the mean time even then it remains a contract of bailment.9. Parties of the Contract :-In the contract of bailment there are two parties, the bailor and the bailee.10. Returnable :-It is very important feature of the bailment. The bailee should return the goods to the bailor or disposed according the directions of the bailor.
