Ask Question
3 October, 07:51

Demand factors are factors that determine: a. the number of consumers who can afford to purchase a product or service. b. the price that should be charged for a given product. c. consumers' willingness and ability to pay for goods and services. d. the number of consumers who want to purchase a product. e. the number of consumers who can purchase a product.

+1
Answers (1)
  1. 3 October, 08:01
    0
    C) consumers' willingness and ability to pay for goods and services.

    Explanation:

    In marketing, the demand factors are those factors that determine a consumer's ability and willingness to buy or consume a specific good or service.

    There are six major demand factors that determine the demand of a good or service:

    Consumers' tastes and preferences Consumer income Changes in prices of substitute or complementary goods or services Advertisements Total number of consumers in a market Consumers' expectations about future prices
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Demand factors are factors that determine: a. the number of consumers who can afford to purchase a product or service. b. the price that ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers