Supply
What is an example of a supply?
Oil refinary, acrigultural, mining, etc.
_____ and demand
Supply
What are some types of things that a suppliers inventory may hold?
-Raw material (Wood, Metal, etc...)
-Specific goods (Electronics, House hold Items)
What are some wholesale stores?
Costco
BJ's
Sam's Club
Around 50% of customers will _____ a product after one bad experience.
Avoid.
What is the definition of supply?
The total amount of a specific good or service that producers are willing and able to offer to buyers at various prices.
A demand can only happen if the consumer has the _______ to do so.
Funds.
What buisness has the largest inventory?
Amazon
Large stores or companies that sell products in bulk
What are some examples of retail stores?
Target
Market basket
Marshals
Home Goods
The more __________ entering a market raise the _______ supply of a product.
Businesses, overall
What is the defeniton of demand?
The willingness to purchase a product and to have the funds to do so.
What is the definition of inventory?
The ammount of raw material or product that a buisness has available.
What classifies a store as a store that sells in bulk?
The store sells large ammounts of goods in packs that are cheaper than buying said goods individualy.
What is the definition of retail?
Stores that sell directly to individuals for personal use