The corresponding price is the equilibrium price or market-clearing price, the quantity is the equilibrium quantity. Surplus and shortage: If the market price is above the equilibrium price, quantity supplied is greater than quantity demanded, creating a surplus. Market price will fall. Example: if you are the producer, you have a lot of excess inventory that cannot sell.
2 meanings of SAP acronym and SAP abbreviation in Finance. Get the definition of SAP in Finance by All Acronyms dictionary. Top Definition: Statutory Accounting Principles In Finance.
SAP is actually the name of the company, officially SAP AG, based on the phrase Systeme, Anwendungen und Produkte in der Datenverarbeitung. Systems Applications Products in Data Processing (SAP) is a client/server application that helps you manage your business processes in sales, materials management, and distribution.he current version is SAP ERP 6.0 and is part of the SAP Business Suite. Its previous name was R/3. The R of SAP R/3 stood for realtime even though it is not a realtime solution. The number 3 related to the 3-tier architecture: database, application server and client (SAPgui).