Ariana has to purchase inventory for her tools and equipment business. She needs to purchase supplies, but she has some concerns about the demand for her business. Which two statements would help Ariana take the right action?

She should purchase supplies in large quantities without any concern for demand.
She should gauge the current demand by gathering data from the market.
She should buy more supplies if the demand increases.
She should avoid purchasing supplies if the demand is high at present.
She should purchase supplies at discounted prices regardless of the demand.

Answer :

The second and third one

The statements that help Ariana to take right action are

  • She should gauge the current demand by gathering data from the market.
  • She should buy more supplies of the demand increases.

What is demand?

"Demand is the quantity of goods that consumers are willing to purchase at various prices in a given period of time."

What is supply?

"Supply is the quantity of goods that is originally purchased by the consumers in a given period of time."

What is market?

"Market is the place where two parties can exchange their good or consumers can purchase the required goods from a particular place."

To learn more about demand and supply here

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