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A supply service refers to a business or organization that provides necessary goods and materials to other businesses or consumers, ensuring they have the resources needed for their operations. These services can include inventory management, logistics, and distribution, often tailored to specific industries. Supply services play a crucial role in maintaining efficient supply chains and ensuring timely delivery of products. They can operate on various scales, from local suppliers to global distributors.
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What is control Of the supply of a product or service?
It is a Monopoly.
How does the price of a product or service affect its supply?
The price of a product or service directly influences its supply. When the price of a product or service increases, suppliers are more willing to produce and sell more of it to take advantage of the higher profits. This leads to an increase in supply. Conversely, if the price decreases, suppliers may reduce production or supply, as it may not be as profitable for them.
What is total control of the supply of a product or service?
A monopoly!
When is something scarce in the supply market?
Scarcity results when the demand for a good or service is greater than its supply.
What is needed to determine equilibrium price of a good or a service?
a supply curve and a demand curveA supply curve and a demand curve.
What is the supply and demand law?
The law of supply and demand states that when the demand for an item or service is greater than the supply of that item or service, the price goes up, but when the supply of an item or service is greater than the demand for that item or service, the price for that item or service goes down. That is why scalpers can sell tickets to the World Series for more than the original price, since there are more people who want to attend (demand)than there are tickets (supply).
What is law is supply and demand?
The law of supply and demand states that when the demand for an item or service is greater than the supply of that item or service, the price goes up, but when the supply of an item or service is greater than the demand for that item or service, the price for that item or service goes down. That is why scalpers can sell tickets to the World Series for more than the original price, since there are more people who want to attend (demand)than there are tickets (supply).
What is water supply water pipe?
Supply coming from water source is a water service line.
Is the telephone considered as a supply?
No, it's a service,
What is control Of the supply of a product or service?
It is a Monopoly.
How does the price of a product or service affect its supply?
The price of a product or service directly influences its supply. When the price of a product or service increases, suppliers are more willing to produce and sell more of it to take advantage of the higher profits. This leads to an increase in supply. Conversely, if the price decreases, suppliers may reduce production or supply, as it may not be as profitable for them.
What is total control of the supply of a product or service?
A monopoly!
What is a good or service that a business offers to sell?
a supply
Ups stand for?
In technology, Universal Power Supply, and Uninterrupted Power Supply.
If a good or service has high demsnd and a scarce supply the price is likely what?
a scarce supply of th price is what
When is something scarce in the supply market?
Scarcity results when the demand for a good or service is greater than its supply.
Definition customer service?
customer service is an organization's ability to supply their customers' wants and needs.
