answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is the desire and ability to purchase a product or service?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Marketing

Anything that can be offered to a market for attention acquisition use or consumption that might satisfy a want need or consumer desire?

product


What is sales prospecting?

Sales prospecting is a sales person's #1 job. Only when a sales person is in front of a viable prospect - and by viable I mean they have the interest, ability and desire to purchase what you and/or your company is offering - can a sale be made. And making sales is how companies grow. If your company does not grow you are out of work. So looking for people that can buy what you are selling is "Sales Prospecting."


Effects of advertising on consumers choice?

Advertising affects consumers choice. The advertising creates a feel or desire in consumers to sway their opinion toward the product.


What factors determine the price of a new product?

Costs of manufacturing and distribution, along with the maker's desire to make a profit or increase market share. For example, a company may set an artificially low price for a product in order to dominate a particular market segment. In addition, three relevant factors must be considered, industry standard (competitor pricing), cost, and perceived consumer value. Evaluation of your position in the marketplace will help determine your ability to sell a product at a price that will not be perceived as being too cheap, or expensive. The three of these perform like a three legged stool. If one leg is missing, the stool cannot stand on its own.


What is Attention Interest Desire Action?

meaning of interest and desire

Related questions

Suply and demand?

Supply And Demand.Demand:- it consists of two components 1. Desire. 2. Ability.the desire component is important in the sense that only having desire for a product or service does not create demand for a product. The desire should accompany the ability component to create demand for a product and service. Therefore, we can say that demand is willingness and ability to buy something.Supply:- it means the availability of a product and service in the market.According to the law of demand and supply, when demand increases, supply shrinks which leads to increase in prices.


Demand is the desire to buy the product or services and the ability to for it?

pay


What three factors determine the demand for a product?

The desire, ability, and willingness to buy a product


What two things are necessary for a consumer to have demand for a good or service?

The desire for a good or service with the ability to pay for it.


The desire willingness and ability to buy a good or service?

This is the definition of Demand from a high school economics course. It Is.


What determines a price of a good service?

The price and quantity are generally determined by the demand for the products, e.g the desire by consumers to purchase them. Generally, the greater the demand, the higher the price, and the greater the quantity that will be produced for sale.


How much do you tip your cleaning person for the holidays?

15% is usual for services, but depends on quality of service, and your desire and ability to pay.


What do you need to do to get started in the repo business in Nebraska?

As in any business, you need a product[ability to repo a vehicle legally and safely], tools to make the the product available[if it is a service KNOWLEDGE, truck, equipment, storage], and someone willing to PAY for the product[clients, banks,finance cos,BHPH lots]. IF you wish to be an agent, you need a desire/ability to be trained, a person to train you, and the tolls to work with. Email me if you need more info. Good Luck and STAY SAFE


What three things must exist in order to have demand for a good or service?

desire, ability, and willingness to buy something


Where can a person purchase a Belkin USB Hub?

One can purchase a Belkin USB hub at your local Belkin superstore, such as Best Buy. A dedicated agent will be happy to help you find your product that you desire.


What is the desire to own something and the ability to pay for it?

The desire to own something and the ability to pay for it is defined as "demand." Similar words to desire include "necessity", "requirement", and "pursuit."


What is AIDA technique?

AIDA is an acronym used in marketing when a person is selling a product or service. A- Awareness: To attract the attention of the customer. I - Interest: To raise customer interest by focusing on and demonstrating advantages and benefits of products/services D - Desire: To convince customers that they want and desire the product or service and that it will satisfy their needs. A - Action: To lead customers towards taking action and/or purchasing.