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Questions:
1. Explain what tinplate is, and how it's related to steel cans for canned foods.
2. Why did steelmakers ramp up production and improve the quality of the tin-coated steel sheet they produce?
3. Why did U.S. steelmakers expect demand for their tin-coated steel to increase this year?
4. How does crop production in the Farm Belt impact demand for tin-coated steel sheet?
5. Explain how this article illustrated derived demand.
6. Why is demand forecasting so important to industries like the U.S. steel industry? Why is it also so difficult to accurately forecast demand for a product like steel?
And here is article: Poor Vegetable Crop Dents Demand for Tin Cans
Explanation & Answer
please find the attached file below and kindly feel free to ask me incas of any question. Thanks
Running Head: POOR VEGETABLE CROP DENTS DEMAND FOR TINCANS
Poor Vegetable Crop Dents Demand for Tin Cans
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POOR VEGETABLE CROP DENTS DEMAND FOR TIN CANS
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Tinplate is a material that consists of steel and its coated with a layer of tin. They are used
in large scale manufacture of tin cans. Tinplate is related to top steel can because it’s used to make
containers that are used in the distribution and storage of goods. Moreover, tinplate is used in the
manufacturing of cans that are used to store beverages, oils, and chemicals. This means that steels
are made of tinplate. The ste...
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