Subway Supply and Demand
Subway Corporation:
Supply and Demand
Subway Corporation: Supply and Demand
Supply and demand of a good or service in economics is the basis for economic analysis in its entirety. Supply and demand centers on the different quantities that a producer or producers will make available to the market at different prices over a given period of time. The law of supply and demand is twofold. The law of supply functions that as price increases, producers are willing to produce and sell more, while if price decreases, producers are willing to produce and sell less. The law of demand is vastly similar. It functions in a manner that as price increases, the quantitiy people are willing to buy decreases, while as prices decrease, the quantity that people are willing to buy increases. The law of supply and demand illustrates a constant push-pull between the products that are being manufactured and the market that purchases them. This law is present in any circumstance of purchase, including in a business chain like Subway.
Production
At Subway, the ability to turn a profit depends wholly on the company's ability to produce the menu items featured on its menu. Production and distribution to a steady client base may seem unalterable to a company who has achieved such high success as Subway. However, there are certain instances that can alter the standards of supply and demand that Subway has become accostomed to. For instance the demand of a product has the capacity to change, which would therefore cause a massive shift in supply and demand within Subway internally.
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