Strategic Plan 2024-2027 for Longreach Home and Community Care Inc.
Longreach Home and Community Care Inc. is dedicated to providing entry-level aged care services to eligible consumers in various townships, expanding its service offerings and transitioning to the Support at Home program by 2025. The organization's strategic plan solidifies its commitment to person-centered care and service transformation, ensuring quality services that empower the elderly in the Longreach community.
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K. M. K. M. Mahdiuzzaman Mahdiuzzaman Sayed Sayed Lecturer Lecturer Dept. of Nutrition & Food Engineering Daffodil International University Dept. of Nutrition & Food Engineering Daffodil International University
Definition Law of supply Shift in supply curve Reasons for shifting supply curve Types of Supply Determinants of Supply Relationship between supply and quantity supplied
Supply Supply or service that is available to consumers. Supply is a fundamental economic concept Supply describes the total amount of a specific good In other words, Supply supply a particular quantity of a commodity at a particular price over a given period of time. Supply is the willingness and ability of producers to
Other things remaining the same, when price of a commodity increases its quantity supplied increases and if price of a commodity decreases its quantity supplied decreases
1. Market 2. Short 3. Long 4. Joint 5. Composite 1. Market Supply 2. Short- -term 3. Long- -term 4. Joint Supply: 5. Composite Supply: Supply: term Supply: term Supply: Supply: Supply: Supply: Supply:
There 1 1. . Market The market supply is the total quantity of a good or service all producers are willing to provide at the prevailing set of relative prices during a defined period of time. The producer supplies. There are Market Supply are five five types Supply: types of of supply supply: : market supply is the sum of all individual
2 2. . Short In short period supply requirements of the customer. Short- -term term Supply Supply: : supply, the demand cannot be met as per 3 3. . Long Long- -term term Supply Supply: : In long period supply requirements of the customer. supply, the demand can met as per
4 4. . Joint Joint or process that can give two or more outputs. Common industry: cows can be utilized for milk, beef and hide/skin; sheep can be utilized for meat, milk products, wool and sheepskin. Joint Supply Joint supply Supply: : supply is an economic term referring to a product examples occur within the livestock
5 5. . Composite When two or more goods and/or services are combined to make a bundle, it is known as a composite supply. The composite supply includes a main or principal component which is essential to the purpose of the bundle. . Composite Supply Supply: : A 5-star hotel in Dhaka provides breakfast, a swimming pool, and spa services along with your hotel room. You can use all of the other services only if you stay in the hotel. Therefore, this is a composite supply, and it cannot be sold separately. The accommodation other components of the package are dependent supplies. is the principal supply, and the
Determinants of Supply are the functional relationship between supply of a commodity and its various determinants. Sx = f ( Px, Pr, Nf, G, Pf, T, Ex, Gp) Where, Sx = Supply of a Commodity Px = Price of the Commodity Pr = Price of the Related Goods Nf = Number of Firms G = Goal of the Firm Pf = Price of factors of Production T = Technology Ex = Expected Future Price Gp = Government Policy
Price of the Commodity Price of the Related Goods 1) 2) 3) Number of Firms 4) Goal of the Firm 5) Price of factors of Production 6) Technology 7) Expected Future Price 8) Government Policy
Supply It refers to the whole set of quantities of a commodity offered for sale at different levels of prices at a point of time. Supply Quantity It refers to a particular amount of commodity particular price at a point of time. Quantity supplied supplied offered for sale at a So you have to have the basic idea of supply in order to confirm quantity supply. Without supply knowledge one can t be able to make quantity supply.
