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Production and consumption is another way of saying supply and demand. If production far exceeds consumption for a particular product, the market becomes flooded or saturated and the price of the product goes way down. If consumption far exceeds production, there is a major shortage of the product, so its price goes way up. It is usually best to produce just enough to keep your prices competitive. However, it is certainly not a bad thing to put so much quality into certain products that it causes production to be far below market demands, as long as your customers recognize the difference in quality and are willing to pay extra for it. I think that is the sort of corporate behavior that builds brand loyalty.
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What is the relationship between meat consumption and economic development?
U r awesome
What is the nature of the relationship between consumers and producers in economics?
The relationship between consumers and producers in economics is based on the exchange of goods and services. Consumers purchase products from producers, who in turn supply these goods to meet consumer demand. This interaction drives the economy and influences pricing, production, and consumption decisions.
What does the theory of production deal with?
The theory of production deals with the relationship between the factors of production and the output of goods and services
What relationship do production functions indicate between inputs and outputs?
Production functions indicate the relationship between inputs (such as labor and capital) and outputs (goods or services) in a production process. They show how the quantity of inputs affects the quantity of outputs produced.
What did Ford production of model T'S demonstrated the economic relationship between specialization and?
greater efficiencies in production.
What is the explanation for the relationship between production and consumption?
between consumption production
Difference between production gains consumption gains?
that in production you sell and in consumption you buy:)
Relationship between purchasing department and production department?
Describe the relationship between the purchasing and production of a manufacturing company
What is the relationship of economics and socialscience?
Economics is the ssc that analyzes the production, distribution and consumption of goods and services.
What is the relationship between alcohol consumption and vitiman?
There is no relationship. Alcohol contains no vitamins, vitamins contain no alcohol.
What is the difference between laptop and desktop CPU's?
power consumption heat production
What is the relationship between testosterone and sperm production?
The relationship is that testosterone produces sperm
What is the relationship between meat consumption and economic development?
U r awesome
What is the nature of the relationship between consumers and producers in economics?
The relationship between consumers and producers in economics is based on the exchange of goods and services. Consumers purchase products from producers, who in turn supply these goods to meet consumer demand. This interaction drives the economy and influences pricing, production, and consumption decisions.
What is the relationship between production department and marketing department in a typical business organisation?
the relationship between production and marketing is to provide serves and to get profit to run the business organisation effecively
What does the theory of production deal with?
The theory of production deals with the relationship between the factors of production and the output of goods and services
Indian heritage in production and consumption in Indian ethos?
Indian heritage in production and consumption
