SUPPLY AND TRANSPORT MANAGEMENT KNEC NOTES

Institution College
Course BUSINESS MANAGEMENT
Year 1st Year
Semester Unknown
Posted By Codred Agencies
File Type pdf
Pages 129 Pages
File Size 15.48 MB
Views 1203
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Description

Supply is the willingness and ability of producer to create goods and services to take them to the market. Supply is positively related to price given that at higher prices there is an incentive to supply more as higher prices may generate increased revenue and profits.
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