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Price and availability in an industry are typically influenced by the interaction of supply and demand forces. Factors such as production costs, competition, government regulations, and consumer preferences also play a role in determining prices and availability of goods and services. Ultimately, the market dynamics determine the equilibrium price and availability levels in an industry.

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1y ago

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How is financial management applicable in the garment industry?

Financial management is essential in the garment industry to ensure proper budgeting, cash flow management, inventory control, and cost control. It helps in monitoring expenses, setting prices, and making strategic decisions to improve profitability and sustainability of the business. Additionally, financial management helps in securing funding and investments for expansion and growth.


How does availability heuristic affect students?

The availability heuristic can lead students to overestimate the likelihood of events that are more vivid or easily recalled. This could impact their decision-making in academics, such as focusing more on recent exam topics or giving more weight to anecdotal experiences rather than statistical data. It's important for students to be aware of this bias and try to gather a more balanced view of information.


What is the Alfred Weber's Theory of Industrial Location?

Alfred Weber's Theory of Industrial Location, also known as the Least Cost Theory, suggests that the location of industries is determined by minimizing transportation costs and maximizing profits. According to this theory, industries will locate where they can minimize the costs of transporting raw materials to the factory and finished products to the market. Weber classified industries into three categories based on their location factors: weight-gaining, weight-losing, and bulk-reducing.


Will appreciation effect the export industry?

Unavoidably yes, the export industry is depended upon country currency. If the currency is appreciated, the export industries will lose their benefit. For example, in 2007 UK export industries lost profit nearly 2.2 million Euro after the appreciation of Euro currency. Oh man is this clear!!! If you have more hesitations e-mail me at Billnove@sidu.com


What are the availability of qualified teacher in effective teaching and learning of health education in junior secondary school?

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