Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Read the excerpt below and answer the questions that follow: Globally, inflation has risen over the past few years as a result of the Covid-19

Read the excerpt below and answer the questions that follow: Globally, inflation has risen over the past few years as a result of the Covid-19 pandemic. And supply chains have not recovered since Russias invasion of Ukraine in February last year. This has affected domestic chains. In turn, food producers costs have risen, pushing up the prices for consumers. Asked when food prices could drop, Treurnicht said he could not make any predictions but added: By the looks of it, the producers might have to carry more of these inflationary forces for the time being [instead of passing them on to strained consumers] up to the point where they do not make a profit anymore. Then youll see those costs being passed on fully to the consumer. Pick n Pay said its internal selling price inflation for the first 17 weeks of the second half of its 2022- 23 financial year came in at 10%. In its trading update, it said the group selling price inflation was affected by its Boxer stores greater exposure to commodity categories, where inflationary pressure has been highest. It did not say how much longer it intends to push prices on to consumers because it is in a closed period (the time between the completion of a companys financial results and the announcing of these results to the public). But the retailer did add: As always, we do everything we can to keep prices down for customers.

Discuss at least two(2)macro factors mentioned in the article. Provide examples from the article to support your answer.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operations Management Processes And Supply Chains

Authors: Lee J. Krajewski, Manoj Malhotra

13th Edition

0136860931, 9780136860938

More Books

Students also viewed these General Management questions

Question

Discuss the factors necessary to achieve global awareness.

Answered: 1 week ago

Question

The S.I. unit of change is........?

Answered: 1 week ago

Question

At the generating station power is..........?

Answered: 1 week ago

Question

The maximum number of electrons in a shell can be?

Answered: 1 week ago

Question

True or false The entire human population shows variations?

Answered: 1 week ago