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DQ2 Bus - depends on the product class as well For example...

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The relationship between price and demand is converse or meandering because as price gets elevated, people want fewer of a difficult product. This converse relationship is approximately forever originates in studies of difficult products, and it’s incredibly extensive incidence has specified it a special forename: the law of demand. The word "law" in this instance does not refer to a bill that the administration has conceded but to a practical promptness. The achievement of a product depends a great deal on the buying prototype of the consumers. If the price of a product increases, the universal judgment is that the buying rate turns down. Nevertheless, this is not true at all cases. This force of cost transform
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Unformatted text preview: depends on the product class as well. For example, if the price of a foodstuffs, dairy products or meat augments, the buying authority does not turn down a lot since all these products are mandatory consumables. A bang of price on consumer behavior critique should emphasize the influence of cost transforms on asymmetrical products. Impact of price on consumer behavior critique embraces the product life cycle of the product as well. For example, the consumer behaviors for an emergent product and a market dictating product would be incredibly dissimilar. Internal factors affecting pricing decisions are: Marketing objectives Marketing mix strategy Costs Organizational considerations...
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