BUSINESS ADMINISTRATION
RETAIL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Offer.
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Commercialization channel.
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Intermediary.
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Vendor.
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Experience.
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Detailed explanation-1: -Supply is the total amount of a good or service that the producers in a market are willing to sell.
Detailed explanation-2: -Definition: Quantity supplied is the quantity of a commodity that producers are willing to sell at a particular price at a particular point of time.
Detailed explanation-3: -Supply-a schedule or a curve showing the amounts of a product a producer is willing and able to produce and make available for sale at each of a series of possible prices during a specific period of time. Quantity Supplied-the amount of a good that firms choose to sell at a particular price.
Detailed explanation-4: -In economics, quantity supplied describes the number of goods or services that suppliers will produce and sell at a given market price.
Detailed explanation-5: -The quantity supplied of a good or service is the quantity sellers are willing to sell at a particular price during a particular period, all other things unchanged. Ceteris paribus, the receipt of a higher price increases profits and induces sellers to increase the quantity they supply.