if 12,000,000 kilocalories of chicken can be produced per hectare per year, how much land is needed to provide a person with 2,000 kilocalories of chicken/day for a year? 0.01 ha 0.02 ha 0.06 ha 0.2 ha
Answers
Option (c), If a chicken can produce 12,000,000 kcal per hectare, then 0.06 hectares of land are required to feed someone 2,000 kcal each day for a year.
Which agricultural methods prevent erosion?As a result of the residual layer protecting the topsoil from wind and water erosion, crop rotation can reduce erosion. Small grains, hay, and other high-residue crops can be incorporated into the rotation.
Even though it is a part of crop rotation, intercropping is the practice of growing multiple crops simultaneously in the same location. While there are several techniques to intercrop, planting the crops in distinct rows or strips is the most common.
We estimated that one acre of chicken may produce 12,000,000 kilocalories.
Given that a person consumes 2000 kcal every day for a year
Days in a year as a whole = 365
the total calories in a kilogram of chicken = 365×2000 = 730000-kilo calories
Chicken may be produced at a rate of 12,000,000 kilocalories per hectare.
Thus, a land of 730000 kilocalories is required.= \(\frac{730,000}{12,000,000}\)
Thus, 0.06 hectares of land will be required.
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Related Questions
1- If a company's operating cycle is much longer than its average payment period for suppliers, it creates the need to borrow money to fund its inventories and accounts receivable. True or false?
2- If the acid-test ratio is less than one, then paying off some current liabilities with cash will increase the acid-test (quick) ratio. True or false?
Answers
If a company's operating cycle is much longer than its average payment period for suppliers, it creates the need to borrow money to fund its inventories and accounts receivable is a False statement.
If the acid-test ratio is less than one, then paying off some current liabilities with cash will increase the acid-test (quick) ratio is a false statement.
When an organization's operational cycle is significantly longer than its typical supplier payment time, it becomes necessary to borrow money to finance its inventories and accounts receivable.
What is operating cycleThe time it takes for a business to purchase items, sell them, and get payment for those sales is referred to as an operating cycle. To put it another way, it indicates how long it takes a business to convert its inventories into cash.
The industry will determine how long this operating cycle will be. By providing a sense of whether or not it will be able to pay off any creditors, an understanding of a company's operating cycle will help establish its financial health.
For instance, a short operating cycle for the company means that payments will come in steadily. The more quickly the business generates income, the better off it will be in terms of clearing any outstanding obligations or
When the acid-test ratio is less than one, the purchase of inventory with cash affect each ratio by No change to the current ratio and decrease the acid-test ratio.
What do acid-test ratio and current ratio mean?While the acid-test ratio is computed as current assets plus inventories divided by current liabilities, the current ratio is equal to current assets minus current liabilities.
Both the current ratio and the acid-quick ratio are crucial for a corporation since they help assess a company's capacity to settle its short-term obligations.
Inconlusion While the acid-test ratio should be reduced, the current ratio should remain constant.
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The population of the US is about 320 million people. If annual consumption of petroleum in the U.S. is about 24 barrels per capita (per person), calculate the total annual consumption of petroleum. Put your answer in scientific notation.
Answers
Answer:
Capita. = 698108. 300,000,000 - us population. 3x108 = us population per capita (2003) If the annual consumption of petroleum in the United States
Explanation:
This took me a long time next time can you make it more points bc then I will help more
Breton Woods Standards were found to be inadequate mainly because
Answers
Answer:
A key reason for Bretton Woods' collapse was the inflationary monetary policy that was inappropriate for the key currency country of the system.
Explanation:
The US decision to suspend gold convertibility ended a key aspect of the Bretton Woods system. The remaining part of the System, the adjustable peg disappeared by March 1973.
2. A lottery claims its grand prize is $16 million, payable over 4 years at $4 million per year. If the first payment is made three years from now, what is this grand prize worth today? Use an interest rate of 3.5%.
Answers
The lottery claims its grand prize is $16 million, payable over 4 years at $4 million per year. If the first payment is made three years from now, then the actual number of payments that will be paid is 1.
We need to calculate the present value of this amount. The interest rate is 3.5%.We will use the present value of an annuity formula:PV = A(1 - 1 / (1 + r) n) / rWhere,PV is the present value.
A is the annual paymentr is the interest raten is the number of paymentsThe annual payment is $4 million. We know that the grand prize is payable over four years at $4 million per year.
So, the annual payment is $4 million.The interest rate is 3.5%.We have only one payment left that will be paid three years from now.
So, the number of payments is one. Let us put these values in the formula:P = $4,000,000r = 0.035n = 1PV = $3,727,203The grand prize is worth $3,727,203 today.
Therefore, the present value of the grand prize is $3,727,203.
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Taylor’s is a popular restaurant that offers customers a large dining room and comfortable bar area. Taylor Henry, the owner and manager of the restaurant, has seen the number of patrons increase steadily over the last two years and is considering whether and when she will have to expand its available capacity. The restaurant occupies a large home, and all the space in the building is now used for dining, the bar, and kitchen, but space is available on the property to expand the restaurant. The restaurant is open from 6 p.m. to 10 p.m. each night (except Monday) and, on average, has 29 customers enter the bar and 55 enter the dining room during each of those hours. Taylor has noticed the trends over the last 2 years and expects that within about 4 years, the number of bar customers will increase by 50% and the dining customers will increase by 20%. Taylor is worried that the restaurant will be not be able to handle the increase and has asked you to study its capacity. In your study, you consider four areas of capacity: the parking lot (which has 85 spaces), the bar (60 seats), the dining room (105 seats), and the kitchen. The kitchen is well-staffed and can prepare any meal on the menu in an average of 12 minutes per meal. The kitchen, when fully staffed, is able to have up to 20 meals in preparation at a time, or 100 meals per hour (60 min/12 min × 20 meals). To assess the capacity of the restaurant, you obtain the additional information:
Diners typically come to the restaurant by car, with an average of 3 persons per car, while bar patrons arrive with an average of 1.5 persons per car.
Diners, on average, occupy a table for an hour, while bar customers usually stay for an average of 2 hours.
Due to fire regulations, all bar customers must be seated.
The bar customer typically orders one drink per hour at an average of $9 per drink; the dining room customer orders a meal with an average price of $20; the restaurant’s cost per drink is $1, and the direct costs for meal preparation are $5.
Answers
According to the information provided, the capacity of the restaurant can be assessed by four areas: the parking lot, the bar, the dining room, and the kitchen.
Thus, the number of parking spaces available is 85.
The average number of diners that enter the dining room during each hour the restaurant is open is 55.
Also, an average of 3 people occupy a table for an hour.
Then, the dining room's capacity can be found by the following formula:
Number of tables = (Number of diners per hour) / (Number of persons per table)Number of tables = 55 / 3 ≈ 18.3 ≈ 18 tables
Therefore, the dining room capacity is 18 tables. Each table accommodates 4 people, so the maximum occupancy of the dining room can be calculated by the following formula:
Maximum occupancy of the dining room = (Number of tables) × (Number of person per table)Maximum occupancy of the dining room = 18 × 4 = 72 person
The restaurant can handle a maximum of 72 people at any given time in the dining room.The bar's capacity is 60 seats. Also, an average of 1.5 people arrives by car.
Thus, the maximum occupancy of the bar can be found by the following formula:Maximum occupancy of the bar = (Number of seats) × (Number of persons per car)
Maximum occupancy of the bar = 60 × 1.5 = 90 persons
Since all bar customers must be seated, the maximum occupancy of the bar is 60 people.The cost per drink in the bar is $1, while the average price of one drink is $9.
Therefore, the profit per drink can be calculated as follows:Profit per drink = (Price per drink) – (Cost per drink)Profit per drink = $9 – $1 = $8
The profit per drink is $8.
The direct costs of meal preparation are $5, and the average price of one meal is $20.
Thus, the profit per meal can be calculated as follows:
Profit per meal = (Price per meal) – (Direct cost per meal)Profit per meal = $20 – $5 = $15
The profit per meal is $15.
The kitchen is able to have up to 20 meals in preparation at a time, or 100 meals per hour (60 min/12 min × 20 meals).
Hence, the kitchen can handle 100 meals per hour.
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_____ or short saying of wisdom or truth were used to teach lessons to the people
Answers
Answer:
ygyvuyvuhuvhuh
Explanation:
the function approximates a u.s. students average math sat score as a function of their parent’s income level. where i represents the parent’s income level in thousands of dollars per year. compute the derivative function using the limit method (show all your work for full credit). then compute and interpret in the context of the situation.
Answers
According to the question by evaluating this limit, we can find the derivative function of S(i) with respect to i.
To compute the derivative function using the limit method, we'll use the definition of the derivative. Let's assume the function is denoted as f(i), where i represents the parent's income level in thousands of dollars per year.
The derivative of f(i) with respect to i is given by the following limit:
f'(i) = lim(h->0) [f(i+h) - f(i)] / h
Let's denote the U.S students' average math SAT score as S(i), where i represents the parent's income level in thousands of dollars per year.
Using the given information, we have:
f(i) = S(i)
Now, let's compute the derivative function step by step:
Step 1: Compute f(i+h):
f(i+h) = S(i+h)
Step 2: Compute the difference:
[f(i+h) - f(i)] = S(i+h) - S(i)
Step 3: Compute the limit as h approaches 0:
lim(h->0) [f(i+h) - f(i)] / h = lim(h->0) [S(i+h) - S(i)] / h
By evaluating this limit, we can find the derivative function of S(i) with respect to i.
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hi answer this if you know it plz :)
How do consumers usually react when they are dissatisfied with a product or its delivery?
O A. purchase from local produce
B. purchase in bulk
C.
shift their loyalties
D.
reduce frequently of purchase
Answers
In industries where economies of scale are important, both the variety of goods that a country can produce and the scale of production are limited by the size of the market.True or False
Answers
It is TRUE that: the size of the market constrains both the variety of goods that a country can produce and the scale of production in industries that rely on economies of scale.
What is Economies of Sales?Economies of scale refer to the cost advantages that businesses can achieve by increasing their scale of production. As production increases, the average cost per unit decreases due to factors such as bulk purchasing, specialization of labor, and increased efficiency.
Industries that benefit from economies of scale require a large market to achieve maximum efficiency and profitability. If the market is small, the production scale will also be small, resulting in higher costs and lower output. In addition, the variety of goods that can be produced is limited because producing a wider range of products requires a larger market demand.
Therefore, in industries where economies of scale are important, the size of the market constrains both the variety of goods that a country can produce and the scale of production.
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noah jupe, a minor, enters into a contract to buy a car from shia labeouf, an adult. if the deal is set aside, restoring noah and shia to their original positions prior to a contract is a. restitution. b. emancipation. c. ratification. d. disaffirmance.
Answers
Noah jupe, a minor, enters into a contract to buy a car from shia labeouf, an adult. if the deal is set aside, restoring noah and shia to their original positions prior to a contract is a. restitution.
Hence, option A is correct.
Explain in detail.
Restitution is a type of gain-based recovery under which a court may order a defendant to forfeit their gains in favor of the claimant. Contrast that with the law of compensation, often known as the law of loss-based recovery, when a judge orders the defendant to compensate the claimant for their loss.Restitution examples include a shoplifter who is required to reimburse a store owner for the cost of a stolen item or an attacker who is required to cover their victim's medical costs following a severe assault. Even burial expenses may be covered by restitution in homicide situations.To know more about Restitution here
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Another term for a checking account is a time deposit.
True
Or False
Answers
Answer:
False because you only go and check your account you don't deposit anything only if you want
Explanation:
The demographic information will tell you where to find the customers.
T
True
or
F
False
Answers
Which of the following describes buying insurance? (1 point)
O The premium is a cost that would be higher if the likelihood of the loss were lower.
O A premium is a benefit that the insured receives from the insurer.
O A premium is a cost that increases if the risk of a financial loss increases.
O A copayment is a benefit that might increase if the premium is decreased.
Answers
When purchasing insurance, a premium is a cost that rises as the likelihood of a monetary loss increases.
Is purchasing insurance a risky endeavour?The right response is transfer, the risk is transferred to the insurance business when an investor, in this situation, purchases an insurance cover. This indicates that the insurance company will compensate the insured should the risk covered by the policy materialise. Consequently, purchasing insurance is a method of transferring risk.
What does the definition of an insurance premium mean?the monthly premium you pay for health insurance. You typically have to pay a deductible, copayments, and coinsurance in addition to your premium for your health care.
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The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
Answers
Answer:
Explanation: B) Family dynamics will play a part in business relationships.
During the maturity stage Group of answer choices some competitors are forced out. product modifications are unnecessary. there is less emphasis on changing a product's price. marketing strategies are rarely altered. limited advertising expenditures are required to maintain market share.
Answers
During the maturity stage, some competitors are forced out as a result of market conditions and competition. The intense competition during the growth stage may lead to consolidation, with weaker competitors exiting the market.
Additionally, in the maturity stage, product modifications are unnecessary because the product has already reached a stable state and has gained wide acceptance in the market. The focus shifts from product development to maximizing efficiency and cost-effectiveness.
Furthermore, there is less emphasis on changing a product's price during the maturity stage. Price stability is sought to maintain customer loyalty and avoid price wars that could negatively impact profitability.
Moreover, marketing strategies are rarely altered during this stage. Companies aim to sustain their market share and profitability by maintaining consistent marketing approaches that have proven successful thus far.
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Was the revocation effective?
Defend your position by citing
which legal principle is involved
and how it applies.
Answers
In this case, the revocation was not effective as a valid contract was formed between him and Sally when she sent her acceptance.
Was the revocation of an offer effective?Revocation refers to annulment or cancellation of a statement or agreement. In this scenario, Sally's acceptance was valid because it was sent before she received the revocation from Victor. The revocation would only have been effective if it had been received by Sally before she mailed her acceptance.
This is based on the principle of the "mailbox rule" in contract law, which states that an acceptance is valid once it is mailed or otherwise dispatched, rather than when it is received by the offeror. As a result, Victor's revocation was not effective, and a valid contract was formed between him and Sally when she sent her acceptance.
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.How is oil extracted from Canadian tar sands?A) mountaintop removalB) frackingC) subsurface miningD) strip miningE) conventional oil wells
Answers
C) subsurface mining. Canadian tar sands, also known as oil sands, are extracted through a process called subsurface mining, which involves removing the overburden (layers of soil and rock) to access the tar sands below
Oil is extracted from Canadian tar sands through a combination of subsurface mining and conventional oil wells. Subsurface mining involves using steam to heat the tar sands underground, making the oil easier to extract. Conventional oil wells are also used to extract oil from the tar sands, but they require more drilling and are less efficient. Fracking is not typically used in the extraction of Canadian tar sands, as it is primarily used to extract oil and gas from shale formations. Strip mining and mountaintop removal are also not commonly used in the extraction of Canadian tar sands.
Fracking and conventional oil wells are methods used for extracting oil from other types of deposits, but not tar sands. Mountaintop removal and strip mining are typically associated with coal extraction.
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What is adjusting entries? Is it the same with general ledger?
Answers
Answer:
Adjusting entries are made in your accounting journals at the end of an accounting period after a trial balance is prepared. After adjusted entries are made in your accounting journals, they are posted to the general ledger in the same way as any other accounting journal entry.
Assignment 2
(20 points)
Assignment 2: Costs and Profit
Instructions
Answers
I'm sorry, I don't know what you mean. Please attach a photo/add the instructions!! Sorry
Answer:
can u please upload it
Explanation:
item 5 when a business collects an account receivable: multiple choice assets increase and owner's equity increases. assets and liabilities increase. total assets do not change. assets increase and revenues increase.
Answers
A business collects an account receivable.The correct answer is: assets increase and owner's equity increases.
When a business collects an account receivable, it means that it receives payment from a customer for an outstanding invoice or credit sale. This transaction has the following impact on the financial statements:
Assets increase: The business's cash or bank account balance increases as a result of receiving the payment. Cash is an asset on the balance sheet, and its increase reflects the collection of the account receivable.
Owner's equity increases: Owner's equity represents the owner's ownership interest in the business. When the business collects an account receivable, it realizes revenue from the sale that was previously recorded as an account receivable. This increase in revenue, in turn, increases owner's equity.
Therefore, when a business collects an account receivable, it has a positive impact on both assets (specifically cash) and owner's equity.
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In which of the following situations would it be MOST beneficial to hire a financial adviser?
A. I’m a senior in college, am about to graduate, and need to create a plan for paying off my student loans.
B. I have a car loan, a large student loan, and a backlog of unpaid medical bills that I’m struggling to keep up with.
C. I’m having a hard time tracking my expenses and income, and want to establish a solid monthly budget to better manage my money.
D. I have a $1,250 credit card bill with a 22% interest rate that I’m trying to pay off.
Answers
a financial adviser is there to guide you, not to help you pay off bills
Describe careers in personal care.
Answers
Animal Care & Service Workers
Barbers, Hairdressers & Cosmetologists
Childcare Workers
Fitness Trainers & Instructors
Funeral Directors
Gaming Services Workers
Home Health Aides & Personal Care Aides
Manicurists & Pedicurists
Massage Therapists
Recreation Workers
Skincare Specialists
Travel Agents
what is the process responsible for managing how incidents are identified and corrected?
Answers
The process that is responsible for managing how incidents are identified and corrected is incident management.
Incident management is the process of identifying, investigating, and correcting security incidents and other service-related events while ensuring normal business operations.
The aim is to restore the service's normal functioning as soon as possible, minimize the negative effect on the company, thus maintaining good relations with customers and employees.
Therefore, the process responsible for managing how incidents are identified and corrected is called the incident management process.
This process is typically included in an organization's IT service management (ITSM) system. It provides a well-defined and structured way to handle incidents from identification to resolution.
Incident management also ensures that any potential problems are identified and addressed before they become major disruptions. Improve the Quality of IT Service: Incident management aids in the improvement of service quality by promptly addressing issues and identifying potential issues
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we all know that every cost must be included in the price of a product. rent, wages, advertising, insurance, raw materials, have to be paid for the company to survive and make a profit. that's true of income taxes too. an income tax is a cost like any other that must be recovered. so corporate income taxes are not really paid for by corporations. corporations simply embed them into the price of products, which are paid by consumers. so a corporate income tax simply passed on to consumers is really an invisible tax. would it be fair to eliminate the corporate income tax and only tax individuals? why did corporations raise employee pay rates when the trump tax cuts reduced the corporate tax rate from 35% to 21%?
Answers
It is true that every cost must be included in the price of a product, including rent, wages, advertising, insurance, raw materials, and even income taxes. Eliminating the corporate income tax and only taxing individuals might seem fair on the surface, as corporations often pass on the cost of taxes to consumers in the form of higher prices
Corporate income taxes are indeed embedded into the price of products and paid by consumers, making them an invisible tax. However, it may not necessarily be fair to eliminate the corporate income tax and only tax individuals. This is because corporations are legal entities that are separate from their owners and have certain privileges and protections that individuals do not have. Moreover, eliminating corporate income taxes would result in a significant loss of revenue for the government, which would have to be made up through other means, such as higher taxes on individuals.
As for why corporations raised employee pay rates when the Trump tax cuts reduced the corporate tax rate from 35% to 21%, there could be several reasons. One possible explanation is that corporations wanted to attract and retain talented employees in a tight labor market. Higher pay rates may have been seen as a way to incentivize employees to stay with the company and to attract new hires. Additionally, higher wages can lead to increased productivity and lower turnover, which can ultimately benefit the company's bottom line. Finally, some corporations may have wanted to show goodwill towards their employees in the wake of the tax cuts, and raising pay rates may have been seen as a way to do so.
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Companies go through different phases to reach product/market fit. These phases are the
A: idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.
B: idea stage, the prototype stage, the launch stage, the traction stage, and the growth stage.
C: the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.
D: idea stage, the traction stage, the monetization stage, and the growth stage.
Answers
These phases are the idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage. Thus, option A is correct.
What is a Company?An organization that produces goods or services and markets them to consumers in order to make money is referred to as a company.
The connection between such a company's Unit Economies as well as Net Profitability can be used as an example of the developmental process of a company looking for Product Attributes. Whenever a company finds a solution to an issue that aligns with the demands of the existing markets and for which customers are prepared to pay for a good or commodity.
Therefore, option A is the correct option.
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1. You are shy and not confident of your abilities to contribute to the group project. You're not good with
writing, can't come up with ideas, and are scared to present. As a result, you have contributed very little to the assignment thus far and are reluctant to volunteer yourself for tasks.
Answers
First, it is important to remember that everyone has something valuable to contribute to a group project, and that contribution can take many forms.
What is a group project.?Generally, Even if you don't feel confident in your writing or presentation skills, there are still ways to make your mark.
You could offer to do research on the topic, help organize the project and break down tasks, or take on tasks that don't require writing or presenting, such as developing a budget or timeline. You could also suggest ideas or ask questions during group meetings.
Finally, if you are feeling overwhelmed, reach out to your group members and talk openly about how you're feeling. They may be able to provide reassurance and help you come up with ideas.
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What term best describes the borrower who is personally liable for a debt obligation related to the purchase of a home?.
Answers
It can be deduced that a situation where the borrower is personally liable for a debt obligation when buying a home is known as a recourse loan.
What is a recourse loan?It should be noted that a recourse loan simply means a situation when the borrower is personally liable for payment of all amounts that are due under the terms of the note.
In this situation, when a property that is encumbered by a mortgage is sold for an amount that is more than the value of the mortgage, then the mortgagor will not be obligated to pay the mortgagee the balance that's remaining.
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Assume that the Federal Reserve injects $84 billion into the financial system. If the money supply increases by a maximum of $540 billion, what must the reserve requirement be? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)
Answers
The reserve requirement when the Federal Reserve injects $84 billion into the financial system and the money supply increases by a maximum of $540 billion, will be 15.55%.
Explanation:
Money Multiplier = 1 / Reserve Requirement Ratio
The Money Multiplier can also be calculated as:
Money Multiplier = Change in Money Supply / Change in Monetary Base
In this case, the change in money supply is $540 billion, and the change in monetary base is the injected $84 billion. Therefore:
Money Multiplier = $540 billion / $84 billion = 6.43
Now we can find the Reserve Requirement Ratio:
1 / Reserve Requirement Ratio = 6.43
Reserve Requirement Ratio = 1 / 6.43 ≈ 0.1555
To convert the Reserve Requirement Ratio to a percentage, multiply by 100:
Reserve Requirement ≈ 0.1555 * 100 ≈ 15.55%
So, the reserve requirement must be approximately 15.55% for the money supply to increase by a maximum of $540 billion after the Federal Reserve injects $84 billion into the financial system.
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how does surface tension work in chemistry
Answers
Surface tension is a phenomenon that occurs in chemistry due to the cohesive forces between molecules at the surface of a liquid.
How do these forces arise ?
Chemistry experiences surface tension, a phenomenon arising from cohesive forces amid molecules at the surface of a liquid generated by intermolecular forces like hydrogen bonding, dipole-dipole interactions and London dispersion.
They experience a net inward force as there are no molecules above to balance out the exerting cohesive forces below when situated atop of a liquid's surface.
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Surface tension could be a property of fluids that emerges due to the cohesive powers between the fluid particles.
How does surface tension work in chemistry?Cohesion is the propensity of comparative atoms to pull in each other, and in a fluid, these cohesive powers hold the atoms together and avoid them from isolating.
At the surface of a fluid, the atoms involvement diverse strengths than they do inside the bulk of the fluid. Since there are no particles over the surface, the atoms at the surface are pulled in more unequivocally to the neighboring atoms at the surface than to the particles within the air above the surface.
Therefore, this comes about in a net internal drive that makes a "skin" or "film" at the surface of the fluid, known as surface tension
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Jessi has received a loan to start her new bakery. She wants to make sure that she spends the money wisely, getting all of the machinery, tools, and ingredients that she will need to make her bakery a success. What should Jessi make FIRST to make to make sure to manage her money so that she prioritizes what she needs for her bakery?
buying plan
sales forecast
profit margin
investment
Answers
Since Jessi has received a loan to start her new bakery, and he wants to make sure that she spends the money wisely, getting all of the machinery, tools, and ingredients that she will need to make her bakery a success. What she should make FIRST to make sure to manage her money so that she prioritizes what she needs for her bakery is a "buying plan" (Option A)
What is the definition of a "Buying Plan"?A buying plan, sometimes known as a buying club, is a sort of plan that obligates a buyer to purchase products on a fixed timetable, to acquire items that a seller may deliver without warning, or to pay membership fees in exchange for the right to purchase at a supposedly discounted price.
Goods planning and procurement is a systematic strategy used by retailers to predict merchandise inventory requirements and negotiate the best terms with suppliers.
Typically, retailers employ a centralized buyer or team of buyers that supervise the chain's purchasing process. They may have additional local or regional merchandise managers that supervise merchandise implementation in stores.
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