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What are the levels of a consumer?
Consumers can be classified into four levels: basic consumers who purchase goods and services for personal use, selective consumers who compare products and value quality, habitual consumers who have brand loyalty, and complex consumers who evaluate multiple factors before making a purchase decision.
The general willingness of consumers to purchase a product at various prices is .?
Demand is the general willingness of consumers to purchase a product at various prices.
The amount that consumers will purchase or consume at a specific price?
The demand or quantity demanded is the amount that consumers will purchase or consume at a specific price.
How will consumers react to the incentive of a higher price on a good or services?
The negative incentive will cause consumers to purchase less of a good or service if it is of lower quality
What fiber do consumers purchase the most?
Cotton
How businesses promote credit to consumers?
Businesses promote credit to their consumers through the allowing of consumers to purchase products through credit transactions provided by the business.
What is the economic term that means the amount that consumers will purchase or consume at a specific price?
Demand is the willingness of consumers to purchase a specific amount of a product at different prices.
What is the price at which consumers will purchase the same quantity of a product that suppliers will produce?
The equilibrium price is the price at which consumers will purchase the same quantity of a product that suppliers will produce.
What satisfaction do consumers get from the goods and services they purchase?
Utility.
What economic term means the willingness of consumers to purchase a specific amount of a product at different prices?
Demand is the economic term meaning the willingness of consumers to purchase a specific amount of a product at different prices.
What happens when a good or service has a network effect?
When a good or service possesses a network effect, then its value to a consumer depends on the number of other consumers who also purchase that item.
How is aeropostale clothes related to math?
consumers purchase clothing, we use money to purchase items
