Ask Question
15 August, 03:06

Chevrolet has begun producing a car known as the Wildfire. Chevrolet signed contracts with its suppliers for fixed priced steel to build the car. The first year's sales have been much higher than expected. When Chevrolet returns to its steel suppliers for more steel, the steel suppliers will charge Chevrolet

+2
Answers (1)
  1. 15 August, 06:28
    0
    The steel suppliers will charge the same price.

    Explanation:

    Chevrolet has started producing a car named wildfire. The company signed a contract with steel suppliers to purchase steel at a fixed price.

    The first year sales of the car is much higher than expected. So Chevrolet will produce more.

    It will need more steel to increase production. The demand for steel will increase. But the suppliers cannot increase the price since they have signed a contract. So they will charge the same price.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Chevrolet has begun producing a car known as the Wildfire. Chevrolet signed contracts with its suppliers for fixed priced steel to build ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers