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the role of purchasing in product development in manufacturing organization

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If the required reserve ratio were 0 percent then money supply expansion would be infinite Why don't we want an infinite growth of the money supply?

P = MV/Q; so if V, velocity of money in final expenditures, and Q, the real value of final expenditures, remain relatively constant, then an infinite growth of money supply will lead to massive inflation.


What is the aggregate supply curve?

A graphical relationship of the total amount of final goods and services that suppliers are willing and able to produce at a given price level.


What is a reflective essay?

A reflective essay is essentially your thoughts on a subject - specifically what you have learned. The reflective essay gives you an opportunity to reflect and discuss your achievements while completing the project. Your work on the project is not completed till you evaluate your work objectively in a reflective essay. Before actually writing collect all the materials that refer to the project you completed. Study these materials and objectively evaluate your learning experiences and final project. Be honest about the weak and strong points of your project and determine how it can be improved. Start writing the first draft. Describe your project. How did it contribute to your self development? Evaluate the quality of your work. Did you achieve your goals? Tell how you might have made your project better. Revise your first draft. Whichever project for your reflective essay may be, attention should be paid to the final result: What meaning will your project have to the readers? How does your project teach those who didn't work on it? Get your reader interested by writing an introduction that would catch their attention, and conclusion that they will remember. You should also keep in mind that your paper will be rated on the quality of your writing, as well as the content and whether all the required information was included. -kaitou-


What is meant by aggregate demand and aggregate supply?

Aggregate simply means a collection of things. So aggregate demand is the total quantity of an economy's final good and services demanded at different price levels. Aggregate supply is the total quantity of final goods and services that firms in the economy want to sell at different price levels. These are used primarily in Macroeconomics to calculate how the economy is doing as a whole.


What should a firm such as Dell take into account total supply chain profitability when making decisions?

Dell should consider total supply chain profitability by evaluating the costs and revenues associated with each link in the supply chain, from raw material sourcing to final product delivery. This involves assessing supplier relationships, production efficiency, inventory management, and logistics costs. Additionally, understanding customer demand and market trends is crucial to optimize pricing and reduce waste. By aligning decisions with total supply chain profitability, Dell can enhance overall efficiency, reduce costs, and improve customer satisfaction.

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