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What type of market would most likely cause consumers to pay more for a product?
Wiki User
∙ 13y ago
bull market
Wiki User
∙ 13y ago
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Which is the least likely cause of a product's failure in the marketplace?
lack of market orientation of the seller
What is the Monopoly market?
It is when only one company controls the supply in the market allowing them to control prices which may cause an increase prices for consumers. They will be forced to pay higher prices as there are no substitutes for the product. An example would be Microsoft operating in Europe.
What factor would most likely cause the supply of a company's product to increase?
a the company decieds to go into a defferent line of business
In a market economy a high price will usually cause?
producers to supply more and consumers to buy less.
How can freedom of choice effect the avalibilities of products and services for consumers?
We can choose the products and services that best suit our needs. If a product is not needed it will fade away because there isn't a demand. If a product or service is needed it will be copied giving the consumer more choices and creating competition. Consumer demand and the competition will dictate the price points for a product or service. To sum up the freedom of choice can cause a product or service to succeed or fail based on the demand of the market created by consumers.
What are the Condition under which market may fail to be ethically and economically efficient?
Let us define market failure to mean the inability of producers to supply a product at a price for which consumers are willing to pay. When the market is dealing in a good that is economically destructive and ethically bad. A failure of the Crystal Methamphetamine market would be good. Law enforcement could prevent production or delivery and thus cause market failure.
Function of market?
1- Marketing research2- Marketing planing3- Product development4- Advertisement and sales promotion5- Selling and distribution6- After sales service7- Public relations
What happens when excess demand occurs in an unregulated market?
Excess demand in an unregulated market will cause the price of a product to fall. True or False?
Which of these reasons was most likely the single cause of the stock market crash?
margin requirement
Which of these reason was most likely the single cause of the stoc market cash?
Margin requirement
Can you give five examples of negative demand?
Offensive advertising, false advertisement, low quality product, product misrepresentation, and company reputation can all cause negative demand, which is the determination of consumers not to buy a product.
Which economic condition would most likely cause the price of a product to rise?
scarcity
