Commodities

It's in a raw state and uniform across all producers...................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

It's in a raw state and uniform across all producers.

Because of its universal acceptance.

Barter--exchanging goods or services for other goods or services--existed before money and it's still used. There are a couple problems with it...the first is the person who has what you need might not need what you have. If you're a barber who needs scissors, you might have to trade haircuts to ten people for potatoes. You'd then trade the potatoes for hams, the hams for beer and then the beer for scissors. You'd have to hire a secretary just to trade all the stuff people gave you for haircuts. The other problem is fractional worth. You make wagon wheels. A wagon wheel is worth more than a haircut, and you can't trade part of a wagon wheel for anything--they only work when intact. To get a haircut you must first sell a wheel for a barrel of crackers, which you can then use to buy haircuts, grease or whatever you need.

Money is better than barter first because everyone accepts it in trade for their wares, and second because you can make change for it. If you sell a wagon wheel for $10, and a haircut costs a quarter, you can take one dollar to the barber, get your hair cut and receive three quarters in change.

ownership in companies is traded in the stock market while ownership of raw, unprocessed goods is traded in the commodity market. APEX

The Commodity Flow Survey (CFS) contains data on shipments by domestic establishments in manufacturing, wholesale, mining, and selected other industries. The U.S. Census Bureau, in partnership with the Bureau of Transportation Statistics of the U.S. Department of Transportation, conducts the CFS as part of the Economic Census. This information may be obtained from your LEPC.

Demand depends on a lot of factors. The price, income of consumer, price of other goods, the price of the complimentary goods, the seasonal factor (in certain cases), advertising, trends and fashion, tastes, population and much more.

it increases

There are two.

One is, there can never be more money than there are commodities to cover it. If you decide that one dollar is equal to one gram of gold, and there are only 1 million grams of gold in the world, there can only ever be 1 million dollars.

The other is, if you can find more of the commodity you can destabilize the financial system. Money gains worth through scarcity. If gold is 1 gram = $1, and you find a vein of gold with 1 million grams of gold in it, you have just made all the money in the world half as desirable as it was before.

This question cannot be answered here, because in your homework assignment a specific case is described in detail to which this question relates. Since we do not know that case, we cannot help you.

Commodity prices are quoted on either a spot or future basis on an electronic board each time they change. Future prices are quoted based on the date of delivery of the contracted commodities.

The Agricultural Adjustment Act was created to protect farmers crop prices. The reason the prices for farmed goods were so low is because there was too much goods being produced. The AAA payed farmers to not grow certain crops or raise certain livestock. Total farm income raised over 50 percent because of this action.

Normally it's the other way 'round, the supply of a commodity determines the price. I assume if the price were out of line with the supply a lower price would decrease supply and a higher price would increase supply if increasing the supply were possible.

Commodity = needs

Product = quality

In my POV, the commodity approach merely focuses on the consumers' demands whilst the product approach focuses on bringing consumer demand by creating a product that's of great quality.

Ownership in companies is traded in the stock market while ownership of raw, unprocessed goods is traded in the commodity market.

There are so many challenges that finance managers face. They have to keep checking financial records so as to ensure that the true financial status of the organization is represented which can be quite tasking.

just take current assets - current liabilities to obtain working capital. change in working capital is (Year 1 CA - CL) - (Year 2 CA-CL)

The seasonal nature of many commodities would lead to wide variation in supply and price without these contracts.

Afi 20-110

The advantage of regional intergration is that it makes different regions to access the information from different parts

You need one to broker them - to arrange deals between sellers and buyers. Some commodities require their sellers to have licenses.

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The current Price For Gold as of August 10, 2012 is as follows:

Per Gram

24 k - $52.07

21 k - $45.56

18 k - $39.05

14 k - $30.36

10 k - $21.71

Commodities are things - stores of value, like gold, wheat, soybeans, cocoa, cotton, oil, etc.

Futures are contracts for the future delivery of something - could be a commodity, stock index, foreign currency, bond, etc.

CFTC...

Commodities Futures Trading Commission

A strategic commodity is considered to be very important. This is a resource that is important to a country that a country will go to any extent to ensure its consistent supply. A good example is oil which is used in every industry that you can think of.