Trade payment implies a payment made under an agreement of protection by a safety insurer to a third-party provider to replace or fix the... View Article
Suppliers can increase their trade credit with bulk discounting. When the buyers spend more, the stocks can be replenished quickly. The buyers... View Article
A chain store is a gathering of similar retail shops that sell similar kinds of merchandise. Every one of these shops or branches is heavily... View Article
A chain store or retail chain is a retail outlet where a few areas share a brand, focal administration, and normalized strategic policies. They... View Article
The disadvantages of owning a chain store are: Inflexible in practice. Need for a heavy amount of capital. Heavy loss on change in demand.... View Article
An established chain of stores is bad for the local market, as other vendors, businesses are forced to lower the prices in order to stay in the... View Article
To successfully manage a chain of stores one can follow these steps: Have the same SOP for all the branches. Employ ethical staff who are... View Article
A huge advantage of a general store is that it consists of a wide range of products that are close substitutes or complements to each other... View Article
A price elasticity of supply that is greater than 1 is relatively elastic, where the quantity provided changes by a bigger rate than the price... View Article
Low elasticity of supply implies that the amount paid for an item or service that is supplied to the market isn't quite influenced by the cost at... View Article
An example of an elastic supply is the supply of non-necessity goods such as soft drinks where there are many substitutes and choices. A drastic... View Article
Price elasticity of demand or supply is measured by the percentage change in the quantity demanded to the percentage change in price. Also see:... View Article
The elasticity of supply and demand is that the quantity demanded of goods and services will change in response to the change in price. It is... View Article
In the long run elasticity of supply is more since all the factors of production are utilised to increase the supply of the products. Also see:... View Article
