--%>

Marketing of hardware stores

Some huge hardware stores such as Canadian Tire boast of carrying as several as 20,000 different products in each store.  What motivated the producers of those specifies to make them and offer them for sale? How did producers decide on the best combinations of resources to employ? Who made these resources obtainable, and why? Who decides whether these specific hardware products should continue to be generated and offered for sale?

E

Expert

Verified

The quest for profit led firms to generate these goods. Producers looked for and found the least-cost combination of resources in generating their output. Resource suppliers, seeking income, made these resources obtainable. Consumers, by their dollar votes, finally decide on what will continue to be generated.

   Related Questions in Finance Basics

  • Q : All rates are stated annually with

    1.      Assume the following (all rates are stated annually with semiannual compounding):

  • Q : Describe significance of excess reserves

    Normal 0 false false

  • Q : Supply and demand 1. Albert Jones went

    1. Albert Jones went to his local department store to purchase a pair of Levi s. He thought that the style of Levi that he wanted would sell for about $30 a pair. When he got to the store, he saw a sign which said, Levi s, all styles, $18 a pair. Albert bought three pairs of Levi s. The behavior of

  • Q : Define Grants Grants : It is generally

    Grants: It is generally used to explain amounts of money received by an organization for a particular purpose however with no obligation to repay (that is, in contrast to a loan, though the award might stipulate the repayment of funds under some situa

  • Q : Explain Administratively Established

    Administratively Established Positions: The positions authorized by the Department of Finance throughout a fiscal year that were not comprised in the Budget and are essential for workload or administrative reasons. These positions fin

  • Q : Can a corporation contain too much

    Can a corporation contain too much working capital? Describe. A firm can contain too much working capital if this is losing the chance to invest in high returning fixed assets and if this goes beyond the amount of working capital required for r

  • Q : Lower for a specified company-the cost

    Normal 0 false false

  • Q : Exdplain how does continuous

    Normal 0 false false

  • Q : Determine equilibrium quantity

    Following equations denote market for widgets Demand: P = 10 - Q Supply: P = Q - 4 Here P mentions the price in dollars per unit and Q mention the quantity in thousands of units. A

  • Q : Near-term policy Normal 0 false false

    Normal 0 false false