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The location in a retail or grocery store where a consumer pays for goods or services is the?
POS (point of sale)
Process of price determination?
Price is determined at the point of equilibrium. Equilibrium is a point of balance. In other words, equilibrium is the point at which quantity demanded and quantity supplied is equal. That is, market equilibrium refers to a condition where a market price is established through competition such that the amount of goods or services sought by buyers is equal to the amount of goods or services produced by sellers. This price is called equilibrium price.
By what economic activity is the normal business cycle punctuated?
From its highest point, prosperity, to its lowest point, trough, these phases are marked by increases and decreases in GDP, unemployment, demand for goods and services, and spending.
What is elasticity of demand from an economics point of view?
The elasticity of demand from an economic point of view is used to show the responsiveness of the amount of a goods or services to a change of price. It gives a percentage of change in quality.
What is the importance of incoterms in international trade?
The goal of the Incoterms is to alleviate or reduce confusion over interpretations of shipping terms, by outlining exactly who is obligated to take control of and/or insure goods at a particular point in the shipping process. Incoterms regulate: The distribution of documents. The conditions for delivering goods. The cost of transporting goods. The responsibility of risk in shpping the goods.
What is a point of sales?
a point of sale is the place where the sales-transaction (the exchange of goods/services for money, etc) occurs. can be virtually anywhere but depends on goods/services being offered.
The location in a retail or grocery store where a consumer pays for goods or services is the?
POS (point of sale)
What is the point of using pnr?
This actually is an interesting equation for human behavior. It is known as the point of no return. This will measure how far one will go in a particular area before realizing their behavior is not going to be changed at this particular point in time.
What is a difference between marketing and retailing?
retailing is selling the products and services from one particular point and marketing is creating the demand for the products and services and then selling them in the market.
A wave's amplitude is a measure of its strength at any given point in time?
Yes, that's correct. The amplitude of a wave is the measure of the maximum displacement of a point on the wave from its rest position. It corresponds to the wave's intensity or strength at a particular point in time.
Process of price determination?
Price is determined at the point of equilibrium. Equilibrium is a point of balance. In other words, equilibrium is the point at which quantity demanded and quantity supplied is equal. That is, market equilibrium refers to a condition where a market price is established through competition such that the amount of goods or services sought by buyers is equal to the amount of goods or services produced by sellers. This price is called equilibrium price.
Logistics?
Logistics refers to the management and coordination of the flow of goods, services, and information from the point of origin to the final consumer. It involves activities such as transportation, inventory management, warehousing, and distribution.Short Definition: Logistics is the management of the movement and storage of goods and services from origin to consumer.
What is the difference between logistics and supply?
Logistics: The process of planning, implementing and controlling the efficient, effective flow and storage of goods, services and related information from point of origin to point of consumption for the purpose of conforming to customer requirements. Supply: The total amount of goods or services available for purchase at any specified price along with the demand.
What is EPOS when dealing with online payments?
Electronic Point of Sale - refers to technologies which enable an efficient recording of the sale of goods or services to the customer
What is a POS for restaurants?
The abbreviation in regards to restaurants stands for point of sale. This refers to the place where customers make their payments for their services and goods in a restaurant.
By what economic activity is the normal business cycle punctuated?
From its highest point, prosperity, to its lowest point, trough, these phases are marked by increases and decreases in GDP, unemployment, demand for goods and services, and spending.
What is elasticity of demand from an economics point of view?
The elasticity of demand from an economic point of view is used to show the responsiveness of the amount of a goods or services to a change of price. It gives a percentage of change in quality.
