Market Demand
Автор: Galton College
Загружено: 2017-06-11
Просмотров: 42
Описание:
The determinants of market demand for products include factors such as consumer income, price of the product, prices of related goods, consumer preferences, population demographics, and marketing and advertising efforts. These factors influence the quantity demanded and shape market dynamics.
Producers want to understand the determinants of demand for their product in order to make informed business decisions. Knowing these factors helps them anticipate and respond to changes in consumer preferences, adjust pricing strategies, allocate resources efficiently, and develop effective marketing and advertising campaigns
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