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the exchange of goods and services in the economy
-Sullivan North High 2014
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∙ 10y ago
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When a product is in demand what happens to the demand curve?
the market demand for the product. undefined. more inelastic than the market demand for the product. more elastic than the market demand for the product
How do you think about branding?
Branding is an important activity to be followed in the present market. The product available in the market though might be of the identical nature and process and usage branding gives a different and unique image for the product(company also). A consumer is well informed about the market and available products in the market. he is the king and is at his will. The criterion which brings the consumer towards the product is mainly branding. it represents goodwill and quality of the product. Branding can be categorised under two heads. that which is done by the company. the other is done by a regulating body. both represent the make, standard and quality of the product. There are two approaches used in branding: Out-side-in From customers to offerings In-Side-Out from offerings to customers
What to do before opening new product in a market?
Before a launch a new product or expand into a new market, you need market research to inform you about your markets' expectations.
Definition of market penetration?
Market penetration is defined as the measure of a product's popularity. This identifies the level of demand for a specific product.
Change in market price?
Changes in the market price is determined by demand of a product. If consumers demand the product, then the price will increase.
If box B represents the resources market and flow 3 represents money income then?
Box D is the product market and box C is households.
What is an example of a product market?
A product market refers to the businesses and customers that are affected by a product. A product market can be regional or national.
What is an example of a product?
A product market refers to the businesses and customers that are affected by a product. A product market can be regional or national.
What is a market pull product?
A market pull product is basically a product the serves a purpose for other products.
How do you represents the number of product line?
product line filling
What is the difference between factor and product market?
The difference between a factor market and a product market is that a factor market is a market where productive resources are bought and sold, while a product market is a market where products offer goods and services for sale.I copied this out of my econ book =)
How would you introduce a product?
First you have to advertise about the product in the market what you have, then you can release it in the market
As long as a manufacturer does not try to control the market for a product it is okay for the manufacturer to design market and sell a product.?
Yes. As long as a manufacturer does not try to control the market for a product it is okay for the manufacturer to design market and sell a product.
When a product is in demand what happens to the demand curve?
the market demand for the product. undefined. more inelastic than the market demand for the product. more elastic than the market demand for the product
As long as a manufacturer does not try to control the market for a product it is okay for the manufacturer to design market and sell a product?
Yes. As long as a manufacturer does not try to control the market for a product it is okay for the manufacturer to design market and sell a product.
What is an example of product market?
A product market is where finished goods and services are sold to consumers. The product market can be found at supermarkets, grocery stores, and online marketplaces
What is differentiated market?
where there is one specific product in the market. It includes only one product
