Marketing

Marketing

1. Surplus

   • A Market Surplus occurs when there is excess supply- that is quantity supplied is greater than quantity demanded.
   • In this situation, some producers won't be able to sell all their goods. This will induce them to lower their price to make their product more appealing.
   • If the price is very high then producers would want to produce more but buyers would not want to buy the product.

2. Supply

   • If the prices go up then the farmer will make more profit.
     • Therefore the farmer will have enough money and motivation to produce more products.
   • On the other hand, if the price goes down then the producers are not gonna want to produce more of the product.
   • With the addition of supply, if the product is priced high then the suppliers will want to produce more.
     • Although the consumers would not want to buy them. This is called a surplus.
   • Supply can change due to the weather and seasons.
     • Supply can increase or decrease

3. Shortages

   • If the price goes down for the product then buyers want to buy but consumers do not want to make.
   • A shortage occurs when there is excess demand- that is quantity demanded is greater than quantity supplied.
     • In this situation, consumers won't be able to buy as much of a good as they would like.

4. Demand

   • If the price goes up then consumers turn to other foods due to the value of price.
   • If the price of the product is low then the buyers will want more but the producers will not want to make more.
   • If the price goes down of the product then people will buy more.
     • Demand can increase or decrease
   • Demand is the quantity of a good or service that consumers and businesses are willing and able to buy at a given price in a given time period.
   • Demand can be affected by the quantity available due to the weather.

5. Ethical responsibilities

6. Stock markets

   • Stock market is often referred to as 'trade.' This means buying and selling.
   • Stocks are units of ownership in a company.
   • global network , a market place moving money back and forth
   • A share is the value behind the company. The bigger the company, the bigger the share is. Therefore so will the value of the shares.
     • The company can raise funds by selling the shares and investing in order to expand the company.
   • A company with a good reputation will be backed by investors.
     • Though if they have a bad reputation will find it hard to sell their shares

7. Any place where buyers and sellers meet to exchange goods and services

8. Equilibrium price and quantity

   • Equilibrium price
     • The price offered in which the quantity of the product is equal to the quantity of demand.
   • Equilibrium quantity
     • The quantity demanded or supplied at the equilibrium price