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Buyers might just communicate better with certain firms; Lower prices; better product knowledge; co-op advertising; better product reputation. I might prefer to sell GE rathe tan Yugo or something. Better warranty Cumulative discounts Cumulative awards like trips for the boss. Geographic convenience Maybe even billing convenience, like suppose a supplier closed their books on the 15th of the month. I might prefer that because I have to pay rent and stuff on the first.
What else can I help you with?
Why do large firms buy parts and assemblies from smaller firms?
Large firms often buy parts and assemblies from smaller firms to leverage specialized expertise and innovative capabilities that smaller firms can provide. This approach allows large companies to reduce production costs, increase efficiency, and focus on their core competencies. Additionally, outsourcing to smaller suppliers can foster flexibility and adaptability in response to market changes, while also promoting collaboration and knowledge sharing between businesses. Ultimately, this strategy can enhance overall product quality and accelerate time-to-market.
What is the environment of business firms?
These include customers,competitors, suppliers, government, and the social, political, legal and technological factors etc.
What does RATNEST mean in economics?
Resource prices, Alternative prices, Technology improvements, Number of sellers/firms, Expectations of suppliers/producers, Subsidies, Taxes
How do economists measure the degree of competition in a market?
_Amount of control a firm or a group of firms have over the total market supply _The amount of influence a firm or group of firms have over market price _The freedom new suppliers have to enter the market
How does collusion improve the financial standing of firms?
Collusion can improve the financial standing of firms by allowing them to work together to manipulate prices, reduce competition, and increase profits. This can lead to higher revenues and market power for the colluding firms, ultimately boosting their financial performance.
Why do the firms or suppliers of a good in such markets face a perfectly elastic demand curve?
The price
Why suppliers need accounting information?
to make sure firms able to pay for its purchases
What are the major elements of specific environment and how each elements impacts firms?
CUSTOMERS SUPPLIERS regulators competitors
11 If a firm uses a just in time inventory system what effect is that likely to have on the number and location of suppliers?
A just-in-time (JIT) inventory system typically requires a firm to maintain close relationships with a limited number of suppliers to ensure timely delivery of materials and components. This often leads to the selection of suppliers located nearby to minimize lead times and transportation costs. Consequently, firms may reduce the overall number of suppliers to streamline operations and enhance coordination, focusing instead on building strong partnerships with a few key suppliers.
What has transformed the purchasing function in recent years by helping firms find the best suppliers and the best prices?
The internet
Why do large firms buy parts and assemblies from smaller firms?
Large firms often buy parts and assemblies from smaller firms to leverage specialized expertise and innovative capabilities that smaller firms can provide. This approach allows large companies to reduce production costs, increase efficiency, and focus on their core competencies. Additionally, outsourcing to smaller suppliers can foster flexibility and adaptability in response to market changes, while also promoting collaboration and knowledge sharing between businesses. Ultimately, this strategy can enhance overall product quality and accelerate time-to-market.
A flowchart to Accept three numbers and check whether it firms to Pythagorean triplet?
Accept 3 natural numbers and check whether it firms pythagorean triplet
What is the environment of business firms?
These include customers,competitors, suppliers, government, and the social, political, legal and technological factors etc.
What is an example of firms relying on suppliers?
An example of firms relying on suppliers can be seen in the automotive industry, where car manufacturers depend heavily on parts suppliers for components like engines, electronics, and tires. For instance, a company like Ford sources various parts from multiple suppliers to assemble its vehicles efficiently. This reliance allows manufacturers to focus on assembly and design while ensuring a steady supply of quality components. Such supply chain relationships are critical for maintaining production schedules and overall competitiveness.
What does RATNEST mean in economics?
Resource prices, Alternative prices, Technology improvements, Number of sellers/firms, Expectations of suppliers/producers, Subsidies, Taxes
What can energy suppliers do to reduce our carbon footprint?
Energy suppliers can increase their search and support for alternative forms of energy. They can also encourage their customers to be more conservative in their use of energy.
How do economists measure the degree of competition in a market?
_Amount of control a firm or a group of firms have over the total market supply _The amount of influence a firm or group of firms have over market price _The freedom new suppliers have to enter the market
