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When a consumer want to buy more of a product than producers are willing to make the resulting situation is called a?
Wiki User
∙ 11y ago
shortage
Wiki User
∙ 11y ago
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What do producers provide for consumers?
Food is what producers provide for consumers. An example of a producer is a plant, such as the tomato. An example of a consumer is a deer or a person. The producer produces the product, which the consumer consumes.
What is something consumers do to influence producers?
Is by demanding the product
What is consumer liability?
Consumer liability, also known as product liability or strict product liability, is an area of civil law that provides remedies for consumers who are injured by a defective product. Under consumer liability, the company, supplier, and/or vendor of the defective product can be held liable for injuries caused to a consumer because of the defect. Consumer liability primarily deals with warranties, manufacturing and design defects, and issues related to inadequate warnings.
What product safety commission enforces safety standards for consumer products and directs the recall of unsafe product?
the right to require warning labels, to establish standards of performance, to require immediate notification of a defective product, and to mandate product testing. However, its greatest power is product recall.
What is one way consumer advocacy help protect consumers?
by providing product information
Role of producers in consumer awareness?
Producers play an important role in consumer awareness. They should make information about their product readily available to consumers so that people know what they're buying and what a product's brand is about.
How are consumer affected by illegal price fixing?
In the situation of "price fixing" the consumer generally will have to pay more for a product.
What do producers provide for consumers?
Food is what producers provide for consumers. An example of a producer is a plant, such as the tomato. An example of a consumer is a deer or a person. The producer produces the product, which the consumer consumes.
Consumer who are willing and able to purchases a product or service create an economic situation referred to as which of the following?
demand
What is purchase intention?
The likelihood that a consumer will buy a particular product resulting from the interaction of his or her need for it, attitude towards it and perceptions of it and of the company which produces it.
What is pull strategy in marketing?
"pull" strategy is one that requires high spending on advertising and consumer promotion to build up consumer demand for a product. If the strategy is successful, consumers will ask their retailers for the product, the retailers will ask the wholesalers, and the wholesalers will ask the producers.
Consumer surplus and producers surplus?
Consumer surplus - the difference between what a consumer is willing to pay and what they actually pay. Aggregate consumer surplus measures consumer welfare. Producer surplus - the difference between what a producer is willing to sell their product for and what they actually receive. Aggregate producer surplus measures producer welfare
Role of producers in protecting consumer rights?
of producers A producer is a person who manufactures or sells a good or delivers a service. In pure capitalism the only role for producers in protecting consumer rights is to do what is necesaary to protect their profit. The producer makes a product and then sells the product to the consumer for the highest price possible. Now we don't live in a pure capitalism. There are checks and balances on producers. In our society producers can be sued if they produce a defective product which harms a consumer. There are also governmental regulations on producers as to pollution they create, size of their factories, and many other areas. This is why there are several governmental and private agencies which maintain a vigilance over industry. Many products which are recalled are replaced by the producer at no cost or a very minor cost to the consumer. Without replacing a recalled product the producer risks losing the consumer and thus must make every effort to maintain the customer. Consumer exploitation is totally in the hands of producers, the producer determines the behavior, quality of product. Right information, trust for product qualityafter sale service and safety to the consumer. Producers can help in fair trade in the following ways 1.proper labeling, full information, health warnings, handling information, expiration date, etc. keep to requirements, norms, standards 2.labelproducts according requirements, providing true facts 3.If they are providing a service they should carry it out with due skill and care. They must also make sure that any materials they provide as part of this service are fit for the purpose. 4.It is also illegal for a supplier to cut off, or threaten to cut off, supply to a reseller (wholesale or retail) because they have been discounting goods or advertising discounts below prices set by the supplier. 5. And last, to be fair in selling products to the buyers and make the consumer feel that he/she is not being cheated
What Resulting product of a solvent and a solute?
resulting product of a solvent and solute
What is the relationship of a consumer and a producer?
without producers, consumers would probaly die. without consumers, producers would probably over populate. So the thing they have in common is they both rely on each other. hope that helps. at least its better than hey listen who ever wrote "hey" i hope you see this and feel like a very bad person. Because you are and it is unkind to what you have done. my life depended on this answer. Now i would of wrote worst language here, but the site doesn't allow me. So I am mentally flicking you off. Good day.
What are the implication of cartel to both consumer and producers?
When multiple businesses join up to create a Cartel, the production of a product is generally increased. Because of the higher supply of product, it should drive down costs to the consumers.
What do producers product?
Products
