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When a company experiences higher demand for its goods, it typically responds by increasing production to meet the demand. This may involve scaling up manufacturing operations, hiring additional staff, or optimizing supply chain logistics. Additionally, companies might implement strategic pricing adjustments or promotional campaigns to capitalize on the increased interest. Ultimately, the goal is to ensure that supply aligns with demand while maintaining quality and customer satisfaction.
What else can I help you with?
How does a firm generally respond to a higher demand for its goods?
it rations goods
How does a firm respond to a higher demand for its goods?
it raices prices
What factors determine the demand for a foreign currency?
The demand for a foreign currency is based on how many buyers are in the market. Generally speaking, when a corporation seeks to buy products from another company in a foreign country, that corporation will need to make the purchase in the currency of the aforementioned company. Usually their bank will enter the foreign exchange market on behalf of their client and buy the currency required. The greater the demand for that currency, the higher its price.
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 does supply and demand affect the price of a product?
the higher the demand the higher the price.the lower the demand the lower the price.
How does a firm generally respond to a higher demand for its goods?
it rations goods
How does a firm respond to a higher demand for its goods?
it raices prices
What of these is most likely to lead to an increase price of a company's stock?
Answer : Its profits increase. Explanation : When a company is more profitable, it's stock is in higher demand, and higher demand means a higher price.
What is most likely to push the price of a company's stock higher?
An increase in demand for the company's stock
Why are prices generally higher for products that are scarce?
One word: Demand. Do some research on the "Law of Supply and Demand".
What is the advantage of differential?
A company that excels at product differentiation can normally demand a higher price for a product because of its perceived higher quality.
What is most likely to push the prices of companys stock higher?
An increase in demand for the company's stock
What factors determine the demand for a foreign currency?
The demand for a foreign currency is based on how many buyers are in the market. Generally speaking, when a corporation seeks to buy products from another company in a foreign country, that corporation will need to make the purchase in the currency of the aforementioned company. Usually their bank will enter the foreign exchange market on behalf of their client and buy the currency required. The greater the demand for that currency, the higher its price.
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.
What is the advantage of product differentiation?
A company that excels at product differentiation can normally demand a higher price for a product because of its perceived higher quality.
Is airfare cheaper during spring break?
Generally, it is higher during this time period due to increased demand.
Why is demand curve downward slopping?
It doesn't have to be! It depends how you label x and y axis on your graph. But generally, the higher the price an item is demand will be less and conversly the lower the price, the higher demand will be. Conventionally, we put price on the y axis(vertically) and supply (horizontally) on the x axis. However, this can be reversed to give an upward sloping demand curve.
