b. provide a descriptive discussion of the porter’s five forces model of your team’s company and include what wheelen and hunger call the sixth force in your analysis.

Answers

Answer 1

Porter's Five Forces Model is a framework used to analyze the competitive environment of a company. The five forces are the threat of new entrants, the bargaining power of suppliers.

the bargaining power of buyers, the threat of substitute products or services, and the intensity of competitive rivalry. The sixth force, as identified by Wheelen and Hunger, is the influence of complementary products or services.

In analyzing our team's company using Porter's Five Forces Model, we can see that the threat of new entrants is relatively low due to high barriers to entry, such as the need for significant capital investment and brand recognition.

The bargaining power of suppliers is moderate, as there are a few key suppliers but they do not hold significant bargaining power. The bargaining power of buyers is high as customers have access to a range of substitutes and are price-sensitive.

The threat of substitute products or services is high, as there are several competitors offering similar products. Finally, the intensity of competitive rivalry is high, as there are several large companies in the industry competing for market share.

The sixth force, complementary products or services, is also a significant factor in our analysis. The availability of complementary products or services can impact the demand for our company's products as well as the bargaining power of our suppliers and buyers.

For example, if there are many complementary products available, buyers may have more bargaining power as they have more options.

Similarly, if there are limited complementary products, suppliers may have more bargaining power, as they are a critical part of the supply chain. Thus, understanding the influence of complementary products or services is crucial for our company's success.

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Related Questions

Primetime Incorporated is a retailer of sporting gear. It sells 500 pairs of a specific Nike sneaker each day. Nike, the supplier, takes a week (7 days) to deliver the order. For what quantity should the inventory manager place his/her next order?​

Answers

Answer:

3500 units

Explanation:

The quantity at which the Primetime inventory manager places his/her next order is the reorder point.

The reorder point is the minimum quantity of inventory that a business should have in its store.

The reorder point is calculated using the formula below.

(Average daily unit sales x delivery lead time) + safety stock

For Primetime, safety stock is not mentioned

reorder point =500 units x 7 days

=3500 units

if the mean is 32 and the median is 40 what would be value of mode

Answers

Answer:

Step-by-step po:

3 Median = Mode + 2 Mean

Given: Mean = 30  / Mode = 40

Now: 3 Median = Mode + 2 Mean

=> 3 Median = 40 + 2 (30)

=> 3 Median = 40 + 60

=> 3 Median = 100

=> Median = 100/3

=> Median = 33.3

Explanation:

Given that bearclaws chooses the profit-maximizing price and quantity, what profit level will it obtain? a. $980. B. $490. C. $700. D. $280

Answers

Given that bearclaws chooses the profit-maximizing price and quantity, yhe profit level will it obtain is D. $280

How to calculate the amount

A monopoly maximizes its profit at the quantity where marginal revenue (MR) = marginal cost (MC). As shown in the diagram, the MR curve intersects the MC curve at Q* = 70. The total revenue is calculated as follows: TR = P × Q. At Q* = 70, the price that Bearclaws can charge is P = $14.

Hence, the total revenue at the quantity where Bearclaw maximizes profit is given by: TR = 14 × 70

= $980.

The total cost is calculated as follows: TC = ATC × Q. At Q* = 70, we can see on the diagram that it is where average total cost (ATC) = $10 (draw a straight line from ATC curve at Q = 70 to the P axis to see this value). Hence, the total cost at the quantity where Bearclaw maximizes profit is given by: TC = 10 × 70 = $700.

The profit is calculated as follows:

Profit = TR - TC = 980 - 700

= $280.

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Given that bearclaws chooses the profit-maximizing price and quantity, what profit level will it obtain?

You just obtained a credit card. you immediately purchase a digital camera for $160. your credit limit is $4000. let’s assume that you make no payments and purchase nothing more and there are no other fees. the monthly interest rate is 1.42%. what is the growth factor of your credit card balance? a. 0.0142 b. 14.2 c. 1.0142 d. 1.42

Answers

The growth factor of your credit card balance is 1.0142. This is calculated by taking the monthly interest rate of 1.42% and adding it to 1, giving us a growth factor of 1.0142.

In this scenario, you have a credit limit of $4,000 and you have just purchased a digital camera for $160. Since you make no payments and purchase nothing more and there are no other fees, your balance will grow by the growth factor of 1.0142 each month.

To find the growth factor of a balance with an interest rate, you can use the formula:

Growth factor = 1 + (interest rate / 100)

In this case, the interest rate is 1.42%, so you can plug that into the formula:

Growth factor = 1 + (1.42 / 100)

Simplifying the fraction gives you:

Growth factor = 1 + 0.0142

Adding the two numbers together gives you the growth factor:

Growth factor = 1.0142

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Select the two statements about owners of equity in a business that are TRUE.
1.Contractors own equity.
2.A Partner owns equity.
3.All stakeholders own equity.
4.Founders own equity.

Answers

Answer:

2 and 4

Explanation:

Contractors are people who work for the company, but are not employees. They don't own equity.

A partner is one of the shareholders in a company, and owns equity.

Stakeholders are anyone with an interest in the company's success, including its clients. They don't necessarily own equity.

The founder owns all of the equity until she takes on partners, who then own part of the equity.

A Partner owns equity and Founders own equity are the two statements about owners of equity in a business that are TRUE. The correct option is 1 and 2.

Equity in a company refers to ownership interests. Equity is typically held by partners and founders to represent their ownership stake in the business. While founders are the original creators or co-creators of the business, partners are people who share ownership and responsibility in a business venture.

On the other hand, contractors may offer services to the company but usually do not hold ownership rights. The phrase "all stakeholders" refers to a wide range of people and organizations that are impacted by the business, including staff members, clients, vendors and investors. Despite the fact that some stakeholders may have equity ownership not all of them will. As a result the statements that partners and founders own equity in a business are true.

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The surge impedance of the power cable, as compared to that of the overhead power transmission line is:

Select one:
O the surge impedance of the power cable is usually equal to that of the overhead transmission line.
O the surge impedance of the power cable can be lower or greater than that of the overhead transmission line.
O the surge impedance of the power cable is usually less than that of the overhead transmission line.
O the surge impedance of the power cable is usually greater than that of the overhead transmission line.

Answers

The surge impedance of the power cable can be lower or greater than that of the overhead transmission line.

Surge impedance refers to the characteristic impedance of a transmission line during transient conditions, such as lightning strikes or switching surges. It is influenced by various factors, including the line's physical dimensions, conductor spacing, and dielectric properties. While overhead power transmission lines typically have a well-defined surge impedance due to their uniformity, power cables can have different surge impedances depending on their design, materials, and installation conditions.

Factors such as the cable's insulation type, conductor arrangement, and surrounding medium can affect its surge impedance. For example, underground cables may have lower surge impedance compared to overhead lines due to the proximity of the conductor to the surrounding earth, which alters the effective dielectric constant. On the other hand, certain types of power cables, such as high-voltage submarine cables, may have higher surge impedances due to their specific design considerations.

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a. An analysis of WTI's insurance policies shows that $2,674 of coverage has expired.
b. An inventory count shows that teaching supplies costing $2,318 are available at year-end.
c. Annual depreciation on the equipment is $10,698.
d. Annual depreciation on the professional library is $5,349.
e. On September 1, WTI agreed to do five courses for a client for $3,000 each. Two courses will start immediately and
finish before the end of the year. Three courses will not begin until next year. The client paid $15,000 cash in advance
for all five courses on September 1, and WTI credited Unearned Revenue.
f. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at
the end of the class. At December 31, $5,653 of the tuition revenue has been earned by WTI.
g. WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per
day for each employee.
h. The balance in the Prepaid Rent account represents rent for December.

Answers

The preparation of WTI Insurance Company's income statement for the year is as follows:

WTI Insurance Company

Income Statement

For the year ended December 31,

Tuition Fees                                                                $109,577

Training Fees                                                                  48,717

Total Revenue                                                          $154,694

Expenses:

Depreciation Expense -Professional Library $5,349

Deprecation Expense - Equipment                10,698

Salaries Expense                                            49,307

Insurance Expense                                           2,674

Rent Expense                                                 24,468

Teaching Supplies Expense                           7,869

Advertising Expense                                        7,132

Utility Expense                                                5,706

Total expenses                                                           $113,203

Net income                                                                 $45,091

How do you prepare Income Statements from Unadjusted Trial Balance?

To prepare an income statement from an unadjusted trial balance, you must take into consideration all the necessary end-of-period adjustments.

The adjustments ensure that the financial statements are prepared in accordance with the accrual basis.  The accrual concept requires every expense and revenue for the period to be accounted for or recognized, whether received in cash or paid for.

Question Completion with Data from Unadjusted Trial Balance:

Tuition Fees $103,924

Training Fees 38,717

Depreciation Expense -Professional Library $0

Deprecation Expense - Equipment $0

Salaries Expense $48,907

Insurance Expense $0

Rent Expense 22,429

Teaching Supplies Expense $0

Advertising Expense $7,132

Utility Expense $5,706

See attachment for more information.

Required: Prepare the income statement to show the net income.

Adjustments:

a. Insurance Expense $2,674

b. Teaching Supplies Expense = $7,869 ($10,187 - $2,318)

c. Depreciation Expense - Equipment = $10,698

d. Depreciation Expense - Professional Library = $5,349

e. Training Fees = $48,717 ($38,717 + $10,000)

f. Tuition Fees $109,577 (103,924 + $5,653)

g. Salaries Expense $49,307 ($48,907 + $100 x 4)

h. Rent Expense = $24,468 ($22,429 + $2,039)

Thus, the income statement of WTI's Insurance shows a net income of $45,091.

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a. An analysis of WTI's insurance policies shows that $2,674 of coverage has expired.b. An inventory

The Earth’s surface is divided into __________ continents and __________ oceans.

Answers

Answer:

The Earth is divided into 7 continents and 5 oceans

Explanation:

hav a nice day

Happy if i get brainlest

Answer:

7 continents

5 oceans

Explanation:

Continents: Africa, Asia, Europe, Australia, North America, South America, and Australia

Oceans:  Atlantic, Pacific, Indian, Arctic, and Southern (Antarctic)

Joining a career and technical student organization is a good way to
1. develop skills that match your areas of interest
2. get a part-time job to earn spending money
3. show your commitment to helping people
4. work on scholarship applications

Answers

Answer

A: develop skills that match your areas of interest

Answer:

A.

Explanation:

you open the newspaper and read that europe is headed for a recession. use the fed model to forecast what you expect to happen to the u.s. economy. a. a european recession is a macroeconomic shock that decreases u.s. aggregate expenditure, due to a decrease in net exports . b. demonstrate the effects of the macroeconomic shock, using the is-mp framework.

Answers

You open the newspaper and read that Europe is headed for a recession, use the fed model to forecast and the expect to happen to the U.S economy was European recession is a macroeconomic shock that decreases U.S aggregate expenditure, due to a decrease in net exports . The correct option is (A).

What do you mean by the recession?

A prolonged period of weak or negative real GDP (output) growth that is accompanied by a noticeably higher unemployment rate is known as a recession. During a recession, a lot of other economic activity indices are similarly weak.

According to Pugliese, unemployment frequently increases during recessions, and total employment levels may even decline.

Additionally, GDP growth typically slows down during recessions as a result of decreased employment and consumer demand, which results in lower production of goods and services.

Therefore, you open the newspaper and read that Europe is headed for a recession, use the fed model to forecast and the expect to happen to the U.S economy was European recession is a macroeconomic shock that decreases U.S aggregate expenditure, due to a decrease in net exports .

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On March 5 PV Inc purchased $3,300 worth of merchandise from Panther Supply with the terms 2/10,n/30 On March 14, PV Inc paid Panther Supply the amount owed less the discount. Show the journal entry for March 5 and March 14 a

Answers

I need help on my question

Question Content AreaA cost that will not be affected by later decisions is termed a(n) a.period cost b.differential cost c.sunk cost d.replacement cost

Answers

The cost that will not be affected by later decisions is termed a sunk cost. Sunk costs are costs that have already been incurred and cannot be recovered.

These costs are irrelevant to future decision making because they cannot be changed or recovered, regardless of what action is taken. For example, if a company invests $100,000 in a new product line and later decides to discontinue the product, the $100,000 investment is a sunk cost. This cost cannot be recovered and should not be considered when deciding whether to continue or discontinue the product line. It is important for decision makers to identify and differentiate between sunk costs and relevant costs when making business decisions. Relevant costs are costs that are affected by future decisions and are useful in determining the best course of action.

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When an adverse opinion is expressed, the opinion paragraph should include a direct reference to:
A. A note to the financial statements which discusses the basis for the opinion.
B. The Auditor's Responsibility section of the audit report which discusses the basis for the opinion rendered.
C. A separate paragraph (section) which discusses the basis for the opinion rendered.
D. The consistency in the application of generally accepted accounting principles.

Answers

The answer is B. The Auditor's Responsibility section of the audit report which discusses the basis for the opinion rendered.

When an adverse opinion is expressed in an audit report, the opinion paragraph should include a direct reference to the Auditor's Responsibility section of the report.

This section outlines the auditor's responsibility for conducting the audit in accordance with auditing standards and expressing an opinion on the financial statements.

It also explains the basis for the adverse opinion rendered by the auditor. By referencing this section, the opinion paragraph provides readers with a clear indication that the adverse opinion is supported by the auditor's responsibilities and the reasons behind it.

This reference ensures transparency and enables stakeholders to understand the basis for the adverse opinion in a concise and standardized manner.

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The association stradegy is used to_________information

Answers

Answer:

The association strategy is used to help memorized information.

Explanation:

A benefit of using association is that it allows the learner to be creative and have fun. ... The association strategy is used to help memorized information.

The foundation of a marketing plan.

Answers

Answer:

Every marketing plan should include a clear explanation of the market segmentation, target market focus, and a market forecast. To develop an effective plan based on your customers' needs and nature.

are good places to look to find your current expenses when building your budget.

A) Online research websites

B )Banks and credit unions

C)Bank and credit statements

D)Grocery stores and concerts

Answers

Answer:

C)Bank and credit statements

Explanation:

The good places to look to find your current expenses when building your budget is "Bank and Credit Statements"

This is because the credit statement is a document showing a list of transactions or money spent on goods or expenses made. This credit statement can be gotten from a bank of the person whose credit statement is under analysis or credit union.

Hence, in this case, the correct answer is Bank and credit statement.

Which type of business does not hold owners accountable for the debts of
the business?
OA. Sole proprietorship
OB. LLC
OC. Partnership
A
OD. Private company

Answers

Answer:

Limited Liability Company (LLC)

Explanation:

A limited Liability Company (LLC) is a business structure in the United States that protects its owners from the personal responsibility for its repayment of debts and liabilities. It is a hybrid entity that has the characteristics of a corporation, partnership and sole proprietorship. The regulation of LLC's varies from one state to another. An entity or individual can be a member of an LLC with notable exceptions from banks and insurance companies. The primary reason for registering a business under LLC is to limit the personal liability of the owners as well as the partners. LLC may have some attractive features but they also possess some great disadvantages as well. Depending upon the state law, an LLC may be dissolved upon the death or bankruptcy of a member.

suppose the expected market return is 14%, the volatility of the market is .25, the risk-free rate is 4% and the beta of apple is 3.3. what return does the capm predict for apple?

Answers

Suppose the predicted marketplace go back is 14%, the volatility of the marketplace is .25, the risk-unfastened fee is 4% and the beta of apple is 3.3. Return the CAPM prediction for apple is 0.37

What is CAPM and how to calculate it?

The Capital Asset Pricing Model (CAPM) is a model used to calculate an asset's expected return based only on its systematic risk of return. In a perfectly efficient economic system, investors should be able to diversify their portfolios at no cost, allowing them to totally eliminate unsystematic or firm-specific risk.

This is the rationale behind why only systematic risk is priced in. Therefore, why should they demand a premium for a single risk if they have the option to invest in a diverse portfolio of assets rather than a single asset? It is simple to argue that the financial world is far from ideal and contains things like transaction fees and taxes.

The CAPM can theoretically represent as:

\(E(R i) = R f + beta i x [E(R M)-R f]\qquad\qquad\qquad\qquad\small{(1)}\)

According to the model, the asset's expected return, E(Ri), is equal to the product of the market risk premium and risk-free return times the asset's beta, i. A certain asset's beta reflects its systematic risk. There are no irrational risk factors in the equation. The slope of the regression line between the excess market return E(RM)-Rf and E(Ri) are given by i.

E[R_apple] = 0.04 + (0.14-0.04)* 3.3

E[R_apple] = 0.04 + 0.33

E[R_apple] = 0.37

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1 Which one of the following is not Which one of the key roles / purposes of marketing within
business?
A To identify potential customer groups
B To inform customers about the business's product or service
C To prepare cash flow forecasts
D To understand customers and their needs
Your answer

i

Answers

I’m pretty sure it’s B sorry if I’m wrong

Charity organisation has asked you to raise money for it by running a fete The organiser has given you a maximum amount to spend how would you plan the fete using a computer model and make a profit

Answers

Answer:

Charity fund should be handled with care as it is donor's money which should be handled with care. The amount of charity should be spent for the actual cause.

Explanation:

Charity fund is the money which should be handled with great care. The major fund of the charity should be attribute to the main cause and there should be proper record maintenance for every penny spent. The charity fund is the responsibility of the management and any donor can ask anytime about the money spent.

There are pros and cons in every investment. Identify at least two things that the pros and cons presented for stocks mean for you as an investor of $5,000?

Answers

Pros of investing in stocks include the potential for high returns and liquidity, while cons include market volatility and risk of loss. As an investor with $5,000, it's important to weigh these factors and diversify your portfolio.

As an investor with $5,000, the pros and cons introduced for stocks might have various ramifications. The following are two examples:

Pros:

1. Potential for high returns: One of the essential benefits of putting resources into stocks is the potential for exceptional yields. Stocks have generally created better returns than other resource classes over the long haul. With $5,000, you can put resources into a differentiated arrangement of stocks, which can give the possibility to exceptional yields over the long haul.

2. Liquidity: Stocks are exceptionally liquid ventures, and that implies that they can be effectively traded on stock trades. This can be a benefit for financial backers who need to rapidly get to their cash.

Cons:

1. Market volatility: Stocks are known to be unstable investments, and that implies that their costs can vary altogether temporarily. As a financial backer with $5,000, market unpredictability can be a gambling factor that you ought to know about.

2. Chance of loss: One more weakness of stocks is that there is generally a gamble of losing cash. Stock costs can go down as well as up, and there is no assurance that you will create a gain. As a financial backer with $5,000, you ought to be ready for the chance of losing some or the entirety of your investment.

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(10 marks) 1. Looking at Nigeria as a potential emerging market, mention and explain 4 factors you think are preventing Nigeria from becoming an excellent emerging market to invest in? 2. If you were given the chance, resources and power to change Nigeria, which one out of the 4 problems identified above would you try to solve and how would you do it?

Answers

Answer:

1. Political instability

2. High cost of taxation

3. Insecurity

4. Changes in law and policy

Explanation:

1A. Political instability. The uncertainty regarding political decisions is one of the major threat to foreign investment in Nigeria. Where there are daily crises in terms of political events, such will scare away potential investors. Moreover, if government changes regulations guiding businesses or do not enforce such changes, it may cut down the returns that should ordinary be made by the investors hence discourage them from making further investment.

1B. High cost of taxation. Emerging economies such as Nigeria imposes too many taxes on local and foreign investors who have their companies situated there. For instance, the federal government through Federal lnland Revenue services is saddled with the responsibility of collecting various types of taxes such as company income tax, withholding taxes etc. Moreover, state governments also levy taxes on these companies for situating and carrying out business transactions in their state.

1C. Insecurity. The prevalence insecurity in the North East discourages investors from investing in Nigeria. The country has to grapple with the daily threat posed by these terrorist. Again, the activities of these terrorist group including the dreaded bandits and local militants have claimed and destroyed lots of lives and properties over the years. Due to their constant and continuous activities, Nigeria has been included among terrorist nations hence scares investors away from coming to invest in the country because no one would want his or her investments to be destroyed.

1D. Changes in law and policy. Emerging countries such as Nigeria is used to changing laws regulating businesses constantly. Most of these changes come through variation of existing contracts such as using executive powers(circulars, administrative orders,directives etc). The continuous changes in law and policy is capable of discouraging investors from investing in the country.

2. If I have the resources to change any of the above, I would change political instability. The reason is that a country that is not stable politically cannot attract foreign investment. I would try as much possible to bring together all the political players in the country by asking them to ignore their political differences hence work towards common good of the country.

hich pricing strategy involves setting a high price for an exclusive, high-end product?

Answers

Yes, this encourages the buyer to pay more for an item especially if it is by a well known branded. This gives them to opportunity to brag and boast with their purchase. Also when the product is well known consumers are going to try their absolute best to buy it, this is going to make the product scare, hence increasing its price.

tightening monetary policy causes interest rates to ____ and aggregate ____ to _______.

Answers

The Answer is option C.  rise; demand; decrease, Tightening monetary policy causes interest rates to rise and aggregate demand to decrease

Tightening monetary policy means reducing the money supply, which causes interest rates to rise, causing investment to fall and aggregate demand to fall in the economy. Treasury Open Market Sales A reduction in the money supply is a factor that can significantly help to slow or keep the domestic currency from inflating in a tightening monetary policy environment. During periods of strong economic growth, the Fed frequently considers tightening monetary policy.

Tightening monetary policy causes interest rates to _____ and aggregate _____ to _____.?

A. fall; demand; increase

B. rise; supply; decrease

C. rise; demand; decrease

D. fall; supply; increase

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Checking account transactions are NOT reported to the credit bureaus and do not affect your credit score. Why is it still important to manage your checking account well?

Answers

Answer: Too see if anyone is stealing or charging extra fees

Explanation:

Is the total of your fixed and variable expenses your cash flow

Answers

Answer:

mabey

Explanation:

Please help with economics will mark brainliest

Please help with economics will mark brainliest
Please help with economics will mark brainliest

Answers

Answer On 25, it is likely economic growth since both go up, however it might also be coming back from an recession, but i would go for economic growth first. On 24, I think it is no idle resources and using resources efficiently.

Explanation:

Match the examples with the types of goods. Please help!

Match the examples with the types of goods. Please help!

Answers

Answer:

Omar buys a snack pack of chips that he noticed while in line at the store - Convenience impulse good

Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in accident or burglary - Unsought good

Jamie goes to the store to buy toothpaste - Convenience staple good

Wanda reads review of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item - Shopping good

Adriana only buys doughnuts from her favorite local doughnut shop - Specialty good

Explanation:

I have been able to match the examples with the type of goods.

Unsought good is the good that the consumer has no knowledge of. Also, he wasn't thinking of buying such good. It is usually purchased out of fear.

Specialty good usually have specific characteristics and benefit. Therefore, the consumer has a reason for purchasing it.

Shopping good is one purchased after the consumer had compared prices, quality, etc in more than one store.

Convenience staple good is the good which is consumed regularly.

Convenience impulse good is one which entices the consumer and he makes purchase without researching or thinking.

Answer: Omar buys a snack pack of chips that he noticed while in line at the store - Convenience impulse good

Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in accident or burglary - Unsought good

Jamie goes to the store to buy toothpaste - Convenience staple good

Wanda reads review of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item - Shopping good

Adriana only buys doughnuts from her favorite local doughnut shop - Specialty good

Which of the following are ways in which people can get an aptitude?
D born with it
buy it
O acquire it
borrow it

Answers

Answer:

born with it

Explanation:

hopefully it helps if not then I'm sorry

Answer:

Born with it & Acquire it

Explanation:

You can naturally be born with it or you can learn it. I got it right so gg to whoever needs this.

60 points please help
Review Questions

1. What is logistics?

2. What is hospitality? What is one career in hospitality?

3. What are three locations or sites that people in hospitality or tourism careers work?

4. If you were an innkeeper, what would do for work?

5. What is mobile equipment maintenance?


Critical Thinking Questions

1. Imagine you want to become a chef and restaurant owner. What education and skills would you need?

2. Think about a city bus system. What goes into getting buses where they need to be on time to get people where they need to be?

3. Imagine that you run an amusement park. You have to hire people to work in your park. What skills or characteristics would you look for? Why?

4. Why are transportation jobs important?

5. If you were putting together a bus route in your town, what would you need to think about to make it run well?

Answers

Answer:

Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption to meet the requirements of customers or corporations.

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