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What helped industrial expansion of the US?
Technology helped unite the world's markets and create an international supply and demand for goods, which helped industries expand globally!
What is secondary demand?
It is the demand for specific goods/services of a firm. Due to differentiation of goods in the industry.
How did the slave trade contribute to the rise of industry in Britain?
increasing the demand for goods
What industry helped create demand for new products such as refrigerators and vacuums by persuading consumers that they should buy these goods?
The advertising industry played a crucial role in creating demand for new products like refrigerators and vacuums by employing persuasive marketing strategies. Through targeted advertising campaigns, they highlighted the convenience, efficiency, and modernity of these appliances, appealing to consumers’ desires for a comfortable and easier lifestyle. This led to a cultural shift where owning such goods became associated with status and progress, driving increased consumer interest and sales.
Which demanding industry benefited most directly from the prosperity generated by demand for consumer goods in the 1950s?
Answer this question… The advertising industry
Which emerging industry benefited most directly from the prosperity generated by demand for consumer goods in the 1950s?
Answer this question… The advertising industry
Why do businesses might want to create demand?
Its Simple! When Businesses Will Create Demand, Consumers Will purchase their Goods Or Services; In Result, Their Will Increase Their Sales & Profit.
How did population explosion helped contribute to demand for goods in Britain?
Ask Mrs. Longo
What are two conditions that create a demand for goods and services?
Two key conditions that create demand for goods and services are consumer preferences and purchasing power. When consumers have a strong desire for a product and perceive it as valuable, demand increases. Additionally, if individuals have sufficient income or access to credit, they are more likely to purchase goods and services. Together, these factors drive market demand.
How can the price elasticityof demand be used to determine whether two goods belong to the same industry or not?
not
What are different types of demand distinctions?
1.producer's goods and consumer's goods 2.durable goods and non durable good 3.derived demand and autonomous demand 4.industry demand and company demand 5.short run demand and long run demand 6.short term demand fluctuations and long term trends 7.total market and market segments
Because of increased European demand for American goods which colonial industry proved most lucrative?
Gunrunning
