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Concept of Stock Replenishment
This concept assumes that stock is always available whether there is demand or not. Consider the demand for constituent items, such as component parts or raw materials. By having stock of everything available all the time, we are in conflict with basic management objectives of low inventory (low cost) and high return on investment.
The term 'replenishment' means restoration to an original state of fullness.
the prevalence of excess capacity is the direct consequence of the existence of monopolistic competition
Measuring Cost: Which Costs Matter? Accounting Cost versus Economic Cost - Accounting Cost Actual expenses and adding the depreciation charges for the capital equip
TC = Q3 – 8Q2 + 68Q + 4
Suppose scientists discover that eating soybeans prevents cancer and heart disease. What effect would you predict on the price of soybeans?
what are the sources of oligopoly power
Elasticity help
Solve equation P=200-Qs and Qs=4.5p +5
RECENT DEVELOPMENT OF DEMAND THEORY: The basic theory of consumer behaviour discussed in the previous unit can be extended in many directions, and can be applied to cover opt
The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded.
15 and 16
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