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By @louishansel

Mastering the Basics of Commodity Procurement

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ThrilledHeliotrope
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Questions and Answers

Which of the following is NOT an example of a hard commodity?

Coffee beans

What is the difference between differentiated and undifferentiated products?

Differentiated products have a unique attribute while undifferentiated products are standardised

What determines the pricing of commodities?

Demand and supply

What effect does a good harvest have on commodity prices?

<p>Prices fall</p> Signup and view all the answers

What impact does disposable income have on commodity demand?

<p>Higher disposable income leads to increased demand</p> Signup and view all the answers

What is market volatility?

<p>Changes in variables that affect commodity prices</p> Signup and view all the answers

What is the role of specialist brokers in commodity trading?

<p>Facilitating advanced trading options and speculating on prices</p> Signup and view all the answers

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