If the quantity sold is less than the quantity produced‚ the firm will go into a loss. On the other hand‚ if the quantity produced is less than what is demanded‚ the producer misses the chance of producing more‚ selling more and earning more. Hence‚ every firm makes an attempt to forecast demand and produce accordingly. If the producer anticipates a demand for X units of the commodity‚ he will arrange to produce X units or a little more. Thus‚ the chances of making a profit depends upon the accuracy
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financial support in hard time‚ which nobody is aware of when and where it occurs. The dinner program about which you are already informed has been organized by social club. You might wonder if all money isn’t consumed then what about the surplus amount? The surplus amount will be deposited in bank in the account of social club. The money will be used to help the needy. You can know about social club in the magazine: “Creation BESS” which will be published shortly before dashain and distributed to all
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Most of the fast food restaurant used preservatives to make the sandwich to make it last for another day. And that’s not healthy because it causes heart diseases and many side effects on the stomach. So these kind of advertisement benefits the producer more than the consumer and nobody fights these false advertisements because people don’t think about the consequence of getting
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Tata’s Nano: A Small Car with Large Consumer Surplus? Ref. No.: ME0012 op y Tata’s Nano: A Small Car with Large Consumer Surplus? “Since‚ promise is a promise the standard dealer version will cost Rs 1 lakh‚”1 – Ratan Tata‚ Chairman‚ Tata Sons “We designed the Nano to offer a new form of transport to the people of India and maybe later‚ to the rest of the world.”2 – Ratan Tata‚ Chairman‚ Tata Sons “…if economists are to play their part in shaping the canons of economic policy
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Question NO 1:While most companies have difficulty producing sufficient quality candidates for top management succession‚ how has GE been able to create a surplus? What philosophy policies and practices have made it a “CEO factor6y” as Fortune and Economist call it? Really producing sufficient quality top executives is very difficult task for companies‚ but if we see case of General Electric‚ it was producing managers not only for own‚ GE was producing these executives in enough quantity to meet
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other teenagers that are projected doing things the product producers themselves told them to do. To conclude‚ in some aspects of the marketing business it’s the media imitating the teenagers which can be seen when the teenagers are studied in their home or in focus groups. Also‚ the teenagers do imitate the media in advertisements like Sprites and their website launch party. The feedback loop is a complicated cycle where the producer and the customer imitate each other to survive. Mass marketing
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performance or appearance and what the agreement could entail. Such things as selecting the artist to the workings of the contract with the artist or artist’s manager. First‚ we need to start from where agreement comes into place. As a concert producer‚ you need to think about selecting a artist or artists for the performance. Also the date in which you wish to have the artist make the appearance. You will need to pick a date that will give you enough time to work out all the bugs and prepare
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Question 1) The presented situation best represents consumer-consumer rivalry. An auction is a consumer-consumer rivalry in which each consumer places bids to obtain what they are bidding for. Although Levi Strauss & Co. is the producer of the 110-year-old pair of Levi’s jeans‚ the company is in the position of consumer in an auction where the company is competing with other consumers. Question 2) The present value of $150‚000 to be received at the end of five years is: PV = (150000/(1.09^1))
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raw material supplier‚ transportation/logistic and technology supplier. Then‚ at the manufacture phase there will be some processes involve such as processing‚ quality control‚ packaging and labeling. Packaging will be focus because of most of the producer will outsource this process to other company rather than done by themselves. The reason of this outsourcing will be because of lack of skill and technology for the packaging process. When‚ the packaging and labeling are done by other company‚ the
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Consumer Surplus: The difference between the maximum price that consumers are willing to pay for a good and the market price that they actually pay for a good is referred to as the consumer surplus. The determination of consumer surplus is illustrated in Figure 1‚ which depicts the market demand curve for some good. | | | | The market price is $5‚ and the equilibrium quantity demanded is 5 units of the good. The market demand curve reveals that consumers are willing to pay at least
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