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What is the amount of Good or service that a that a consumer is willing to buy called?
Demand is considered what consumers are willing and able to buy. If the product or service is too expensive, then people won't buy it because they can't afford it and there will be no demand. If it's affordable but people don't see the use, they still won't buy it and there will still be no demand. In order to create demand, a product has to be both useful and affordable. The more useful and affordable it is, the more demand there will be.
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What is the amount of a good or service that producers are willing to provide called?
Demand
What is the amount of a good or service that a consumer is willing to buy called?
The term for that definition is effective demand
The price consumers are willing to pay for a product minus the price they actually pay is called?
Consumer surplus
What term is defined as an item or a feature for which a consumer is willing to pay?
The term defined as an item or feature for which a consumer is willing to pay is called a "value proposition." This concept encompasses the benefits and features that make a product or service attractive to consumers, justifying their willingness to spend money. A strong value proposition clearly communicates how a product meets the needs or solves the problems of the target audience.
When demand exceeds the amount of resources what is the result called?
When demand exceeds the amount of resources, the result is called a shortage. This occurs when the quantity of a good or service available is insufficient to meet the desire for it, leading to unmet consumer needs. Shortages can lead to increased prices, competition for the limited resources, and potential market inefficiencies.
What is the amount of a good or service that producers are willing to provide called?
Demand
What is the amount of a good of a service that a consumer is willing to buy called?
Demand is considered what consumers are willing and able to buy. If the product or service is too expensive, then people won't buy it because they can't afford it and there will be no demand. If it's affordable but people don't see the use, they still won't buy it and there will still be no demand. In order to create demand, a product has to be both useful and affordable. The more useful and affordable it is, the more demand there will be.
Who is a person who buys goods and service?
They could be called a consumer, a patron, a customer, or a client.
What is the amount of a good or service that a consumer is willing to buy called?
The term for that definition is effective demand
What term is defined as an item for which the customer willing to pay?
The term defined as an item for which the customer is willing to pay is called a "product." A product can be a tangible good or an intangible service that satisfies a customer's needs or desires. Its value is determined by the perceived benefits it provides to the consumer in relation to its cost.
A person who receives a good or service is called?
The person who receives goods or services is a consumer.
The price consumers are willing to pay for a product minus the price they actually pay is called?
Consumer surplus
What term is defined as an item or a feature for which a consumer is willing to pay?
The term defined as an item or feature for which a consumer is willing to pay is called a "value proposition." This concept encompasses the benefits and features that make a product or service attractive to consumers, justifying their willingness to spend money. A strong value proposition clearly communicates how a product meets the needs or solves the problems of the target audience.
A deduction from a full purchase amount that is repaid to the consumer is called a?
rebate
When a consumer want to buy more of a product than producers are willing to make the resulting situation is called a?
shortage
When buying a car the amount you are charged and willing to pay is called the?
Selling Price.
What is a cupcake factory?
a service house where they produce a dessert called a cupcake for a consumer :)
