A circular flow of influences
through the purchasing decisions they make
consumers and producers influence each other in a circular fashion
A circular model
Consumers
A circular flow of influences
through the purchasing decisions they make
consumers and producers influence each other in a circular fashion
A circular model
Producers can figure out what consumers are willing to pay based on what they buy.
Producers can figure out what consumers are willing to pay based on what they buy.
Is by demanding the product
Consumers
Consumers
Consumers and producers influence each other in a circular fashion.
Consumers
The purchases consumers make indicate their desires to producers.