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What are some of the strategies Multinational corporations can use to make a profit by leveraging the growing consumer demand?
Leveraging consumer demand to make a profit by multinational corporations can be done by using competitive marketing and diversification.
How consumer demand affect business?
if demand for anything is more than that product will sell more, if there is no demand for an item then that will not sale.so if sales are more there would be more profit ,if sales are less profit will also less. more profit means a good business and less profit means that business is not in a good position. i hope now u can understand it.shortly more consumer demand more good business,less consumer demand less business.
How business affects consumers?
if demand for anything is more than that product will sell more, if there is no demand for an item then that will not sale.so if sales are more there would be more profit ,if sales are less profit will also less. more profit means a good business and less profit means that business is not in a good position. i hope now u can understand it.shortly more consumer demand more good business,less consumer demand less business.
What is the purpose of Mitchell on demand?
Mitchell on demand is a company that helps small businesses increase productivity and efficiency for their companies. They help companies increase their profit and they also do consultations.
Why are the gasoil companies showing such a high profit?
The oil is coming to a limited quantity and the demand is high
What are the factors that affect the product mix in a jobbing industry?
Customer demand effects the product mix at companies. Companies try to balance their product offering between customer demand and products that generate profit margins.
How do find the consumer surplus given only the demand function and price?
You count how many widgits are left after profit maximization has been achieved.
What is retail selling?
Retail involves the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit. Demand is identified and then satisfied through a supply chain.
What is the fundamental purpose of the free enterprise system?
The fundamental purposes of Capitalism are: Private ownership of property, competition, individual initiative, Supply & Demand, and profit. Capitalism is primarily for the consumer. For example competition. If two companies offer the same product, or service, they will compete with each other. Usually by lowering their prices. This benefits the consumer of the good or service by getting it for cheap. Another example is Supply & Demand. If the consumers want (demand) a certain product, the producers will create (supply) that product, and usually will compete with other producers. The idea is to make money, basically. Hence the last purpose, profit.
How did railway companies make a profit from building the transcontinental railroad?
They sold their product for more than it's worth using supply and demand.
3 business risks which may influence profit level?
1) lack in demand of product 2) Natural disasters 3) lack of consumer confidence in product
What is an economic system in which production of goods and services is determined by demand from consumers?
A market economy is an economic system in which the production of goods and services is determined by the demand from consumers. Prices are set by supply and demand in the market, and businesses respond to consumer preferences in order to maximize profit.
