Examlex
Which of the following is important for organisations to meet environmental sustainability?
Excess Demand
Excess demand occurs when the quantity demanded of a product or service exceeds the quantity supplied at the current price, leading to shortages.
Excess Supply
A market situation where the quantity of a good or service offered is greater than the quantity demanded by consumers.
Supply
The total amount of a product or service available for purchase at any given time in the market.
Hurricane
A tropical cyclone with winds exceeding 74 mph, typically characterized by rain, thunderstorms, and strong winds.
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