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What is situation called when there is more of a product being offered for sale than people want to buy at the price?
In economics, it is called surplus. In retail, it may be referred to as excess inventory or overstock. If it is a desirable item that is not selling, it could be overpriced. In marketing, it could be referred to as over-production.
If many people want to buy a product but not enough of product exists what is that called?
That is called a shortage of the product. A shortage happens whenever the demand (number of people wanting a product) is greater than the supply (quantity of available product).
When a company produces a large quantity of a product but not many people purchase the product which of th following is true?
When a company produces a large quantity of a product that sees low sales, it typically indicates an oversupply or a mismatch between consumer demand and the product offered. This situation can lead to excess inventory, increased storage costs, and potential financial losses for the company. Additionally, the company may need to reevaluate its marketing strategies or product features to better align with consumer preferences. Ultimately, effective demand forecasting and market research are crucial to avoid such discrepancies.
Why are people important in the business environment?
A business can only run if there are people that can run a business these would be called the owner's, manager's ect... the business also need people to make the product with is the employee's. if there is going to be a product produce they need people to buy it customers (s). to make the Product the need raw materials e.g. paper, food ect... they need people to provide this which would be the suppliers. all of these people all come under a group called stakeholders and they our the blood of the business. no people no business. simple!! hope it help! :)
What is supplyand demand?
Supply is the amount of a product that companies are manufacturing. Demand is the amount of a product that customers wish to purchase. When people talk about supply and demand they normally refer to supply and demand curves, and where they intersect is the market equilibrium price and quantity of the product offered. As price increases, companies will want to supply more of a product to make more money, but customers will demand less because they are less willing to pay higher prices for a product. (By product, I mean good and services)
What is the situation called when there is more of a product being offered for sale than people want to buy that price?
In economics, it is called surplus. In retail, it may be referred to as excess inventory or overstock. If it is a desirable item that is not selling, it could be overpriced. In marketing, it could be referred to as over-production.
What is situation called when there is more of a product being offered for sale than people want to buy at the price?
In economics, it is called surplus. In retail, it may be referred to as excess inventory or overstock. If it is a desirable item that is not selling, it could be overpriced. In marketing, it could be referred to as over-production.
If many people want to buy a product but not enough of product exists what is that called?
That is called a shortage of the product. A shortage happens whenever the demand (number of people wanting a product) is greater than the supply (quantity of available product).
How could someone market a product to people in the 18 to 34 year old demographic?
Marketing a product to people in the 18 to 34 year old demographic really depends on the type of product being offered. The product needs to be appealing to that age range and the marketing needs to be aimed at what people in that age group want and needs.
Does evrybody have allergies?
No. Many people live without ever suffering allergies to any product or environmental situation.
The study of how people or firms behave in strategic situation is called?
game theory
What is the process of telling people about the product and the company that it offers is called?
customer
What are Lists of objects types of people and situations called?
These types of lists are commonly called "personas" or "scenarios." Personas represent a fictional character that embodies the characteristics of a specific user group, while scenarios describe a specific situation in which a user interacts with a product or service.
What are the tasks involved in working as a product marketing manager?
A product marketing manager is responsible for targeting the right group of people for the product being offered and finding the right price point to get them to buy. They also need to find the best venue in which to sell the products.
What is it called when a group of people stop using a particular store or product?
boycotting
What is the name of the group of people that do not eat or like to do anything with an animal product?
Those people are called vegetarians.
People who moved to the frontier were called what?
homesteaders pioneers Some were homesteaders because they were offered land to settle in the West.
