differentiate between stock and supply ? At least 4 points ...
Answers
Answered by
2
To explain simply,supply refers to the amount of goods or services available for sale in the market to customers.Stock is the amount of goods or services available to the firm or company at any given time.
Explanation:
Major differences between stock and supply:-
- Supply is the amount of goods or services ready for sale to the consumers in the final market.Stock basically refers to the inventory situation of firms/companies.
- Supply of any good or service ideally depends on price of that particular good or service whereas,stock depends on various factors such as production cost,procurement expenses and storage and transportation cost.
- Supply of a good or service is a flow concept as it indicates constant outflow of goods and services for sale.Stock is a stock concept implying the goods and services available in company or firm stock.
- Supply facilitates the process of earning sales revenue but stock helps in analyzing the fluctuations of market prices of goods or services.
Similar questions