Human beings need to purchase products for their survival since they have unlimited wants and needs requiring satisfaction. The commodities can be physical goods or intangible ones for example are services. Daca goods are availed to customers in different. The goods are supplied by manufacturers, wholesalers and retailers.
In making these goods available, there are many daca parties to be involved. They include producers, wholesalers, and retailers. All of them engage in different activities which assist in the delivery of commodities as they create many types of utility. Herein, different businesses are involved in making supplies, importance of supplies and limitations about the whole activity have been discussed below.
Producers are the major party in making of supplies as production commences with them. They are involved with manufacturing and processing of commodities to be supplied in the market to the consumers either directly to the customers or use of the chains of distribution. For perishable items for example vegetables and flowers, they need to be sold directly through a fast medium of transport so as to avoid spoilage of the produce.
Manufacturers are the nerve center in creation of supplies. They commence the whole thing in the chain of distribution. They are associated with manufacturing and processing of products after obtaining raw materials. They might decide to make direct sales to the consumers if they find it cheaper or use wholesalers and retailers. For perishables, they use direct sales since they may get damaged to their losses.
They wholesalers are important in linking the producer of goods to the retailers and customers leading to improvement in supplies thanks to information exchanged. They are also involved with storage of goods in their warehouses while waiting their demand hence creation of place utility. Some of the wholesalers deliver produce directly to the final consumers but due to contingencies in the market, they use retailers.
Product supply is of a big advantage to the people. Everyone needs basic commodities for survival and also many goods for a comfortable life. They are availed by these parties discussed herein hence beneficial. Without these suppliers, there could always be product shortages and high costs in purchasing of goods. They create different utilities on the goods. For instance, place utility by storing goods in the warehouses awaiting right time of demand and time utility as the products are made available on time in right quality, quantities and at affordable prices.
Since all are businesses, many go rogue and associate themselves in unethical practices. Hoarding for example is a common case where the businesses hide goods awaiting high prices so as to make super profits. Others sell poor quality products to the consumer even the expired ones. Since every business wants to make more profits, some decide to increase prices on products to abnormally big figures. Thus, consumer protection is required.
The demerit is that some members of daca do not follow ethics. Being profit oriented, they increase prices and give poor quality services. Thus, there is need for consumer protection.
In making these goods available, there are many daca parties to be involved. They include producers, wholesalers, and retailers. All of them engage in different activities which assist in the delivery of commodities as they create many types of utility. Herein, different businesses are involved in making supplies, importance of supplies and limitations about the whole activity have been discussed below.
Producers are the major party in making of supplies as production commences with them. They are involved with manufacturing and processing of commodities to be supplied in the market to the consumers either directly to the customers or use of the chains of distribution. For perishable items for example vegetables and flowers, they need to be sold directly through a fast medium of transport so as to avoid spoilage of the produce.
Manufacturers are the nerve center in creation of supplies. They commence the whole thing in the chain of distribution. They are associated with manufacturing and processing of products after obtaining raw materials. They might decide to make direct sales to the consumers if they find it cheaper or use wholesalers and retailers. For perishables, they use direct sales since they may get damaged to their losses.
They wholesalers are important in linking the producer of goods to the retailers and customers leading to improvement in supplies thanks to information exchanged. They are also involved with storage of goods in their warehouses while waiting their demand hence creation of place utility. Some of the wholesalers deliver produce directly to the final consumers but due to contingencies in the market, they use retailers.
Product supply is of a big advantage to the people. Everyone needs basic commodities for survival and also many goods for a comfortable life. They are availed by these parties discussed herein hence beneficial. Without these suppliers, there could always be product shortages and high costs in purchasing of goods. They create different utilities on the goods. For instance, place utility by storing goods in the warehouses awaiting right time of demand and time utility as the products are made available on time in right quality, quantities and at affordable prices.
Since all are businesses, many go rogue and associate themselves in unethical practices. Hoarding for example is a common case where the businesses hide goods awaiting high prices so as to make super profits. Others sell poor quality products to the consumer even the expired ones. Since every business wants to make more profits, some decide to increase prices on products to abnormally big figures. Thus, consumer protection is required.
The demerit is that some members of daca do not follow ethics. Being profit oriented, they increase prices and give poor quality services. Thus, there is need for consumer protection.
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