answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Why would it benefit a company to restrict its supply of a product to consumers when consumer demand for the product is high?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

Why do consumers benif from businesses having to compete?

The benefit to the consumer with competition is usually a larger selection for a particular product with perks such as lower pricing and/or rebates. Aside from that prospect, the ability to have a selection based on brand preference is a great attribute for the consumer. Consumers do benefit from competition of how the store/resto/mall, makes some promos or other good things that could capture the consumers. and also by improving their business for the good of the consumers, that could gain their trust and support.


What is the most direct benefit of greater productivity?

Goods and services are produced faster, which should reduce costs and improve company profits. Additionally, consumers should benefit from lower prices and increased availability.


What services does the company Opencv offer to consumers?

OpenCV offers a variety of services to consumers. It offers a way to quickly and inexpensively learn basic to advanced programming skills. It only takes some time and effort on the consumer's part.


Characteristics of consumer goods vs industrial goods?

Consumer goods are sold directly to consumers and industrial goods are sold to industries. Examples: An industrial good is a part for a car that is manufactured by one company and sold to another that assembles the car. A consumer good is the finished car.


What is the scope of consumer behavior and its importance?

Consumer behavior has a large scope in that it can affect everything about business. What consumers are currently buying and what they will buy in the future, how much they are willing to pay, etc. can determine what companies produce and even if a company survives.

Related questions

How do consumer groups benefit consumers?

The company can stay in business to provide services.


What are the Benefit of consumer cooperative society?

Consumerism make aware to the society regarding rights and respolnsibilities of consumers,consumers protection acts and can regulate consumption in a proper way, can control economy for the consumers' welfare.({Prof.Tulshiram Jadhav, HOD of Commerce Deptt.B.S.T.College Sangamner,India)


What is a sentence using the word health consumer?

There are numerous health consumers of the company. This was a sentence which contains the word health consumer.


What types of consumers benefit by baking with Advanta?

No consumers benefit by baking with Advanta because it is not a food. Advanta is a banking company or could be Advanta Energy Corporation based on California.


What are clear internet reviews?

Clear is a internet providing company for consumers. Consumers review different products and write about them so other consumer will know how good the product is.


Why do consumers benif from businesses having to compete?

The benefit to the consumer with competition is usually a larger selection for a particular product with perks such as lower pricing and/or rebates. Aside from that prospect, the ability to have a selection based on brand preference is a great attribute for the consumer. Consumers do benefit from competition of how the store/resto/mall, makes some promos or other good things that could capture the consumers. and also by improving their business for the good of the consumers, that could gain their trust and support.


Consumer market research serves what purpose?

The purpose of consumer market research is to determine how consumers view a product or brand. With the results of consumer market research, a company can make better business decisions.


How do rewards cards benefit the companies that offer them?

By offering rewards cards a company can benefit by tracking consumer purchase patterns. Rewards cards offer the added benefit of customer retention to the company. By offering rewards cards companies can benefit even more by customizing the shopping experience of their customers allowing the consumer to maximize their money while retaining the loyalty, referrals, & more business.


What is the definition of consumer led?

Consumer-led is responding to the needs of consumers in the market. If customers buy one product more than others, a company will produce more similar products.


How to file a consumer complaint in Bangalore Consumer Court?

You can file a consumer complaint in Bangalore Consumer Court using Voxya an online consumer complaint forum that helps consumers in resolving consumer complaints easily with an optimal solution. It drafts and sends legal notice to the company and helps the consumer to approach a consumer court, it prepares consumer case documents, a consumer can submit these documents to register their consumer case in Bangalore consumer court. Voxya is an independent platform that helps consumers to get a replacement, refund, and compensation from the company or the seller. Using the following easy steps Voxya resolves consumer complaints: Social Media Campaign: It starts social media campaign for the maximum impact of consumer complaints. Send an email: It sends an email to the company and notifies the company about consumer complaints and tries to resolve consumer complaints amicably. Send Legal Notice: It will draft and send legal notice to the company also send a copy to the consumer's address. Consumer Court: It helps the consumer to approach consumer court and prepare consumer case documents for a consumer case, a consumer can submit these documents to file a consumer case in consumer court. If you are looking for the solution to the consumer complaint then File a Complaint at Voxya


What are the main benefits that a company selling fast moving consumer goods could derive by creating a website?

explain the main benefit that a company selling fast-moving consumer goods could derive by creating a website


What companies offer refinancing for consumers with poor credit?

Deloitte will help a consumer with a poor credit rating. The company will help the consumer with poor credit get a new start. Easy Financial will loan from $500 to $5,000 to a consumer with bad credit.