According to ManagementStudyGuide.com, an educational portal, inventory is needed to keep a company independent of outside changes in supply and demand. Maintaining inventory also allows a company to take advantage of ou... More »

Good bar inventories include a listing of all liquor stock plus supplies like glasses and foods like nuts. Putting the inventory into a spreadsheet allows easy monitoring with weekly checks. More »

www.reference.com Business & Finance Business Resources Managing a Business

Accounting managers are responsible for excess inventory, as noted by Chron Small Business. When there is too much inventory on hand or when inventory becomes obsolete, the accounting team may need to prepare an entry to... More »

www.reference.com Business & Finance Business Resources

Market shortage is a situation where the demand of a product is higher than the supply. In most cases, a shortage in the market leads to an increase in commodity or service prices. In ideal situations, the market should ... More »

www.reference.com Business & Finance Business Resources Marketing & Sales

Elasticity is a term that describes how much the demand or supply for a product or service changes in relation to that product’s price. Each product on the market today has a different level of elasticity. Products consi... More »

Propane dealers set their prices based on variables such as the current cost of crude oil, refinery costs, seasonal climate changes, and the balance between supply and demand. Prices can also vary depending on whether th... More »

www.reference.com Business & Finance Industries

Gas prices fluctuate according to changes in supply, demand, infrastructure and the value of the dollar. These changes emanate partly from shifting geopolitical dynamics around the world, such as the gasoline needs of de... More »

www.reference.com Geography