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What you have to mention in the hoarding that people willing to know and inquired about the product?
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When the price at which the quantity of a product willing to be purchased by customers and the quantity of product willing to be made by a producer are equal this is known as?
Supply & demand
What is the product being sold?
The product being sold is the product being manufactured or grown for a market willing to purchase the product.
Does the convenience affect the price consumers are willing to pay for a product?
yes
What is a demand for a product?
A demand for a product is when a customer expresses a desire or willingness to purchase a product. It is the amount of a product that customers are willing to buy at a specific price. Generally the demand for a product is determined by the price of the product the customers income the availability of a substitute and the customers preferences. When the price rises demand falls and when the price decreases demand increases.Factors that affect the demand for a product include: Price of the product Customers income Availability of a substitute Customers preferencesIf the price of the product rises then the demand for the product falls and vice versa. This is due to the fact that customers are willing to pay a certain price for a product and when the price increases customers will be less likely to purchase the product.
Consumers who are willing and able to purchase a product or service create an economic situation referred to as?
Consumers who are willing and able to purchase a product or service create an economic situation referred to as supply and demand. The price of the product or service tends to rise and fall depending on these factors.
Why does competition among buyers result in higher prices for product?
Buyers compete for the same product by raising what they are willing to pay.
Where can i purchase 33 tires at a reasonable price?
When buying in bulk for a product, often you can find a dealer in that product which will be willing to make a discounted deal on bulk buying. Most dealers are willing to haggle on prices when done in large quantities.
Why many people are willing to pay more for branded products than unbranded products?
When the customer already knows the brand the trust is much higher compared to a unbranded product and because of that they are much more willing to buy the product
What is the difference between traditional based costing and target costing?
Traditional Cost Accounting System: In this system company first produce the product and then determine the cost of production and then try to sell that product at price covering that cost plus certain percentage of markup on cost.Target Costing: In this system first of all company determines the value of product in the eyes of customer that is how much a customer is willing to pay for the product and then if cost of production of that product is more then the customer willing to pay then company makes analysis of how they can reduce the cost of production to the level of cost a customer willing to pay by reducing the components of product which is costing towards final price but not giving any value to customer and in this way company tries to acheive the target cost customer willing to pay.
Marketing starts along before a product is produce?
Before a product is produce a marketing research is conducted to identify what consumers are actually looking for, at what price they are willing to purchase such a product and the demand of the product on the market,
What is the difference between an offer and tender?
An offer on a product is the amount of money that a person is willing to pay for a particular product. The tender is the amount of money that has actually been paid for a product.
What is a good website to get music?
iTunes is a great one if you are willing to pay. ( That is if you have an apple product)
