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What type of business produces a tangible product?

A business that produces a tangible product is called a manufacturing business.


When a company produces a small quantity of a product and a large number of people want to purchase the product what happens?

When a company produces a small quantity of a product and a large number of people want to purchase the product, the demand will cause the price of the product to go up.


How would you define product fraud?

When a business knowingly produces a defective or substandard product and sells it to the public anyway, the firm has committed product fraud.


What happens when a company produces a small quantity of a product and a large number of people want to purchase the product?

When a company produces a small quantity of a product and a large number of people want to purchase the product, the demand will cause the price of the product to go up.


Happens when more than one business sells the same product?

get a life first


What happens when more than one one business sells the same product?

competition


What is the best description if a corporation?

A corporation is a business organization charter by law that produces a product or service and sells shares to individuals or groups.


When a company produces more of a product than what consumers demand the price of that product will...?

When a company produces more of a product than what consumers demand, the price of that product will typically decrease. This happens because the excess supply creates a surplus, prompting sellers to lower prices to attract buyers. As prices drop, the market may eventually reach an equilibrium where supply meets demand.


What is the definition of a manufacturing business?

A company that receives raw materials, then processes these materials in a manufacturing process that produces a finished product. Picture an automobile assembly line.


What is the product that produces glucose?

Cornstarch


What is the product of hysteria?

the product of hysteria in that it produces pure evil and communism!


What happens when the business fails to sell its product?

The business will become overstocked with unsellable goods. No sales means no money coming in, yet the business still has to pay out for wages, premises, creditors, and so on. The Business becoming insolvent would be inevitable.