Monday, November 28, 2011

EWOT#13

This weeks EWOT is about my grandfather's lighting corporation. As of recent he has been extremely busy with getting orders produced. He has been so busy that more orders are coming in than he can supply. Meaning that the demand is greater than the supply. Rather than hoping that he can get the orders complete in a timely fashion that doesn't upset customers, he should raise the price of his pig lamp so that less lamps are ordered, but he can produce enough to fill the orders on time. This will keep his profits high while making his business easier to run.

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