The availability of raw materials and natural resources c. A change in the price of rugs and other complementary goods d.
This is the main factor that influences the supply of a product.
Which factor most directly affects a furniture company's supply?. Furniture manufacturers should take the above factors into account as it can affect supply chain management as improving supply chain management can help businesses thrive and keep customers engaged. This includes emerging trends population analytics and demographics. X an increased interest in antique furniture over modern furniture The graph examines the market for graphic T-shirts.
This includes economic growth or decline and changes in interest and inflation rates. The task environment consists of factors that directly affect and are affected by the organizations operations. In order to understand how a supply chain works it is important to identify the factors affecting supply chain management.
In simple terms supply is the function of price and cost of production. Which factor most directly affects a furniture companys supply. Arnab2261 arnab2261 The trees are the direct factor.
These factors include suppliers customers competitors regulators and so on. The following sections show generic supply chain management factors and sub-factors that might affect supply. The growing number of furniture buyers in the market the availability of raw materials and natural resources a change in the price of rugs and other complementary goods an increased interest in antique furniture over modern furniture LOGIN TO VIEW ANSWER.
If other factors relevant to supply do change then the entire supply curve will shift. When it comes to choosing one product versus another consumers whether consciously or subconsciously weigh a variety of factors. In the case of poor logistics deliveries can be delayed which can lead to a failure to meet the requirements of the clients.
A manager can identify environmental factors of specific interest rather than having to deal with a more abstract dimension of the general environment. Generally the supply of a product depends on its price and cost of production. As price decreases supply decreases but demand increases.
How economic conditions shift supply and demand to directly affect a company. In the law of supply when the price of a product goes up the supply of the product also increases and vice versa. Some examples of areas which are typically considered in internal factors are.
The external factors affecting a business comprise of such factors as technology government and its policies economic forces and elements socio-cultural factors and international factors. The growing number of furniture buyers in the market b. 5 Non-Product Factors That Influence Purchase Decisions.
Changes in the sociocultural market environment that illustrate customer needs and wants. A supply curve shows how quantity supplied will change as the price rises and falls assuming ceteris paribus that is no other economically relevant factors are changing. As price increases both supply and demand increase.
Financial resources like funding investment opportunities and sources of income. In such a case the supply of his product would be 50kgs at Rs. At this time the most significant environmental factor from the macro and micro perspective is the economy.
This is considered as the variation in the price. There are product factors and non-product factors. Price can be understood as what the consumer is willing to pay to receive a good or service.
The availability of raw materials and natural resources How do changing prices affect supply and demand. In an effort to organize these factors it would be appropriate to create two distinct categories. Trends driving trends Over the past decade many factors have emerged that directly or indirectly affect the furniture industry including technological changes the rise of social media and.
Weaknesses have a harmful effect on the firm. Physical resources like companys location equipment and facilities. Supply can be influenced by a number of factors that are termed as determinants of supply.
1 Answers Which factor most directly affects a furniture companys supply. An increased interest in antique furniture over modern furniture. How Production Costs Affect Supply.
Which factor most directly affects a furniture companys supply. Which factor most directly affects a furniture companys supply – 8262241 poojareddy470 poojareddy470 18022019 Economy Secondary School Which factor most directly affects a furniture companys supply 1 See answer poojareddy470 is waiting for your help. The internal factors that affect a business are such factors as employees competitors customers suppliers and the culture of the organizationThese are factors which business can control.
Which factor most directly affects a furniture companys supply The availability of raw materials and natural resources The chart compares the price of graphic T-shirts to the quantity demanded. Add your answer and earn points. Which factor most directly affects a furniture companys supply.
All companies within the furniture industry have been devastated by the current economic downturn with negative growth across the board for almost all companies 1. The identification of these factors has been based on previous work by Li 2002 and Quesada and Meneses 2010.