Answer: consists of two or more independent organizations that combine requirements for materials, services and capital goods to gain better pricing, service and technology from suppliers.
Explanation:
Purchasing consortium is simply defined as an arrangement that involves collaboration which takes place between two or more organisations who join hands together in order to gain better prices and achieve terms which are favorable from their suppliers.
Purchasing consortium consists of two or more independent organizations that combine requirements for materials, services and capital goods to gain better pricing, service and technology from suppliers.
It should be noted that it's not only used by public institutions, therefore option A is incorrect. Purchasing consortium helps speed up the purchasing process.
Answer:
a. 4.89%
b. 5.23%
Explanation:
We use the rate formula which is shown in the attached spreadsheet
Given that,
Present value = $2,000 × 108.96% = $2,179.20
Future value or Face value = $2,000
PMT = $2,000 × 5.7% ÷ 2 = $57
NPER = 16 years × 2 = 32 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this,
a. The yield to maturity of the bond is 4.89%
b. The current yield would be
= 57 × 2 ÷ $2,179.20
= 5.23%
Answer:
Your best option would be for higher quality repairs and higher quality equipment, this would save you more money and time in the long run where you have the ability to do other things.
Explanation:
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Answer:
a) Haute Mexican-To serve the customers seeking a fine dining experience, Maria opens an upscale, stand-alone, expensive restaurant serving haute cuisine. STAGE 3 - MATURITY PHASE (STRONGLY ESTABLISHED, HIGH PRICE)
b) Joe's Burrito Box-Recognizing an opportunity to sell low-price, no-frills lunches, Joe's Burrito Box sells boxed burrito lunches out of a mobile cart on Main Street. STAGE 1 - ENTRY PHASE (PENETRATIVE WITH LOW MARGINS)
c) Maria's Taco Stand-First to introduce Mexican food to the market, Maria opens a no-frills taco stand offering budget meals. STAGE 1 - ENTRY PHASE (PENETRATIVE WITH LOW MARGINS)
d) Maria's Mexican Restaurant-As Maria's Mexican food grows in popularity, Maria opens a restaurant in the local mall. The restaurant offers a wider menu, sit-down dining, and higher prices. STAGE 2 - GROWTH PHASE (SOMEWHAT ESTABLISHED, HIGHER MARGINS)
Non-price rationing system is commonly done by queuing (to resolve rationing problems brought by price ceilings) and by coupons (to restore buyer equilibrium). Favored customers who received special treatment from dealers when there is an excess demand, which means: owners giving goods and services to their friends, is another non-price rationing mechanism. I hope that this is the answer that you were looking for and it has helped you.
