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Q: What are the instructions for submission of bill by supplier of goods and services?
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The amount that a supplier pays to produce goods and services is called?

Cost


Why is it important for the supplier of goods and service to have information about price elasticity of demand?

In that way the supplier of goods and services, will be able to know how many goods they must produce for the quantity demanded in the economy. They need to know how much price affects the consumers.


Why did adam smith insist that market economy would produce consumer goods more efficiently han a command economy?

To maximize profits. The "invisible hand" is the interaction in markets where those who are able to provide goods or services find agents who demand those those goods or services and are willing to exchange them for something the supplier deems of value. If the demand is met, or there is demand by another agent in the market willing to provide compensation to the supplier that is deemed of more value, the resources in the market look to supply the next need for valued consideration. In a command economy, supply may not be demand driven. This may result in excess capacity devoted to something that does not allow the highest value to be placed on the supplied goods or services. A transactional inefficiency may then be the result of a command economy that is not focused on markets.


Why are goods produced?

Goods are produced to meet a demand. Consumers want the goods, they are willing to pay, the supplier must produce the goods or risk loss.


What are the four fundamental economic questions?

What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?

Related questions

Is a supplier of goods and services a customer?

A supplier of goods and services is commonly referred to as a vendor. Unless they are buying your goods or services they are not a customer.


The amount that a supplier pays to produce goods and services is called?

Cost


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.


Why is it important for the supplier of goods and service to have information about price elasticity of demand?

In that way the supplier of goods and services, will be able to know how many goods they must produce for the quantity demanded in the economy. They need to know how much price affects the consumers.


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


What is an indent order?

An indent order is a purchase order that is issued by a buyer to a supplier when the buyer wants to procure goods or services that are not commonly available in their own market. The supplier then sources the requested items and delivers them to the buyer as per the specifications outlined in the indent order.


What is the difference between a customer and a supplier can manufacturer be supplier?

A Customer is someone who has a need for a product or a service. A Supplier is one who recognizes there are needs for goods or services, and provides the means for the customer to have them. A Manufacture can be both the one who makes the goods and also be a supplier (act as a Middlemen), i.e. One could be a Publisher and also the Author of the book that was printed. I know this is true, because I am, www.ogradypublishingcompany.com . www.lousdirtydozen.com


What is the difference between Customer and Supplier Can Manufacture be a Supplier?

A Customer is someone who has a need for a product or a service. A Supplier is one who recognizes there are needs for goods or services, and provides the means for the customer to have them. A Manufacture can be both the one who makes the goods and also be a supplier (act as a Middlemen), i.e. One could be a Publisher and also the Author of the book that was printed. I know this is true, because I am, www.ogradypublishingcompany.com . www.lousdirtydozen.com


Suppose a supplier to Seattle Health System offers terms of 3-20 net 60 When does the system have to pay its bills from this supplier?

Within sixty days of taking possession of goods or receiving services


What kind of products does Compulabel provide?

Compulabel is a big supplier of goods, not delivering to consumers, but to businesses. They provide services and goods in the category of office supplies, like Inkjet labels and cards.


What are some unique ideas for a kid's party?

,For any goods and services you are looking for, you should do your research on not only the goods and service but also the retailer/ supplier so you will get the best deal possible.


Where can I find cute plates and napkins for a baby shwoer?

For any goods and services you are looking for, you should do your research on not only the goods and service but also the retailer/ supplier so you will get the best deal possible....