Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Expert Solution
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Step 1: INTRODUCTION
SUPPLY
The quantity of items a provider makes available to customers is referred to as supply. Supply and demand play an essential part in determining prices and the utilisation of products and services. According to the law of supply, rising demand encourages suppliers to boost their output. The quantity of a specific commodity that a seller is prepared and able to offer to purchasers is known as supply.
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