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What is the role of consumer as ruler of the market when determining goods and services produced?
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For whom are goods and services produced in a market economy?
Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..
Who decides what goods and services will be produced in a market economy?
In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.
In which type of economy are the producers of goods and services able to react to consumer choices?
Capitalist. Aplus answer Market
If a market system is based on consumer sovereignty then how can business decide what is to be produced?
Test market in a small region or area first.
In which type of economy are the producers of the goods in services able to react to consumer choices?
market
What is a sentence with consumer sovereignty?
Consumer sovereignty refers to the idea that consumers have the power to determine which goods and services are produced based on their preferences and purchasing decisions.
Which market or markets are consumer goods and services bought into?
Goods or services bought by a consumer are bought in the consumer market. The consumer market includes fast moving consumer goods, consumer durables, soft goods and services.
For whom are goods and services produced in a market economy?
Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..
Who decides what goods and services will be produced in a market economy?
In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.
What is a consumer market?
The consumer market is a non-business group of people that purchase goods and services.
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
In which type of economy are the producers of goods and services able to react to consumer choices?
Capitalist. Aplus answer Market
Why use recommended retail price when determining selling price?
This is applicable to consumer durable products where retail prices are recommended because there is a huge consumer market for such products.
If a market system is based on consumer sovereignty then how can business decide what is to be produced?
Test market in a small region or area first.
In which type of economy are the producers of the goods in services able to react to consumer choices?
market
What is B2C marketing?
B2C is an abbreviated term for business to consumer marketing. Business to consumer marketing is when a business markets products to a consumer market. A consumer is a buyer of products that are not business related. B2C products include goods and services such as food, clothes, cars, houses, phone services, credit repair services, etc.
The consumer price index attempts to measure changes in?
The price of a select market basket of goods and services.
