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How the suppliers influence the buyers? |
what is the relationship of the buyers and the suppliers? how the firm influece the nature of transactions with its buyers and suppliers? plz. do help me! tnx a lot! basic economics with supply and demand. As supply increases, demand decreases because there is more product in the market. As demand increases, supply decreases because there is more product in the market. You can produce less of a good, to create less supply, creating exclusivity, and therefore increasing its overall value to a consumer. The less supply the more a good costs. The more demand, the more a good costs. the more supply, the less a good costs. The less demand, the less a good costs. The ideal is to find where the demand and supply curves cross in a plotted graph. You can then determine at what supply do you have the highest demand possible, and therefore profit. Source(s): college econ class Let us first assumed that we are talking of big time suppliers. Suppliers play a big role in influencing their buyers. They command an influence to the buyers based on their quality of products they highly maintain. On the otherhand, their relationship under the laws on obligation and contacts will be that of the obligor and the obligee. The obligor is the supplier to deliver the goods l with proper diligence like a good father of the family unless the party requires a standard of care. While the obligee or the buyer is to accept the goods. The firm act as a catalyst between the obligor and the obligee. I think this will now give you an idea or a hint.. |
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