Goods Availability Increase
Definition
Goods availability increase refers to when there's more supply available for consumers due to increased production or distribution efficiency.
Analogy
It's like having your favorite ice cream flavor always stocked at your local grocery store because they've ramped up production at the factory. More ice cream equals happier customers!
Related terms
Supply Chain Management (SCM): The management of flow of goods and services involving all processes that transform raw materials into final products.
Inventory: The quantity of goods that a firm has on hand.
Demand and Supply: Economic model of price determination in a market. It concludes that in a competitive market, the unit price for a particular good will vary until it settles at a point where the quantity demanded equals the quantity supplied.
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