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Consumers buy for many different reasons, but mainly the reason involves there being a need. Needs may be wants in lower income demographies as wants may be needs in higher income demographies.
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∙ 16y ago
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When prices are consumers buy?
raised/less
What do consumers expect when they buy products and services?
When consumers buy goods and services, they expect them to be as good as the seller claims they are. They look for utility when they purchase the goods.
What do companies do when they want to know what consumers will buy?
Market research... canvas opinion from their consumers. Then they collate the result and go from there.
What explains how consumers purchases influence the decisions of producers?
Producers can figure out what consumers are willing to pay based on what they buy.
Is determined by how many consumers want to buy a product?
demand
People who buy goods and services are called?
Consumers
What can not be done by the government in a command economy?
Deciding what goods consumers buy.
How does importing help consumers?
Importing gives consumers more choices of what to buy.
The people who decide to buy things are called?
they are called consumers.
Why are consumers often uncertain about the hazardous ingredients contained in the products they buy and use?
Why are consumers often uncertain about the ingredients contained in the products they buy and
For consumers when there is the goods they want to buy?
demand
When prices are consumers buy?
raised/less
What do consumers expect when they buy products and services?
When consumers buy goods and services, they expect them to be as good as the seller claims they are. They look for utility when they purchase the goods.
How much of a good consumers are willing to buy?
In order to know how much of a good consumers are willing to buy one needs more information such as the type of good.
What is food consumers?
Food consumers are the people who buy food products. This is anyone in a grocery store, for example.
What is the relationship between producers and consumers in economics?
Producers make the goods and consumers buy and use the goods.
Why do consumers buy products?
because that's why a store is there
