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121) The difference between what a consumer would be willing to pay and the price actually paid is referred to as:
a) Consumer’s demand
b)
c) Supplier surplus
d) Supplier demand
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- what is the term given to mean that consumers can be prevented from buying something due to the price ?Business ethics necessitate suppliers to understand that customers expect them to offer products which are going to be profitable able to earn a reasonable return on investment safe, reliable and reasonably priced. intended to boost salesA production corporation has entered into a new deal with a large raw material provider used in the manufacturing phase.The retailer maintains its raw material stock in the manufacturing plant under the current agreement called asupplier-managed warehouse and charges it only as the manufacturer purchases the raw material. How does thisimpact the product turnover level of the manufacturer?
- Which phase in the 8 Phases Involved in Organizational Purchasing Decision Making is the most difficult to comply? Why?In should-cost modeling, are any components not under the direct control of the buying or supplying company but those that have a significant influence on the outcome being modeled. assumption variables decision variables overhead costs transportation modes direct costsIn the context of a buying process, which of the following statements is true of satisficers Question 28 options: a) They select the best supplier who satisfies their product and delivery requirements b) They study numerous proposals carefully before selecting one. c) They contact new and unfamiliar suppliers when they need to purchase a product d) They contact familiar suppliers and place orders with the first one that fulfills their requirements