• Home
  • Subjects
  • Miscellaneous
  • Q1) list and elaborate on the factors that will be affecting the demand for the following products in the next several years. do you think these factors will ca Essay

Q1) list and elaborate on the factors that will be affecting the demand for the following products in the next several years. do you think these factors will ca - Essay Example

Only on StudentShare

Extract of sample
Q1) list and elaborate on the factors that will be affecting the demand for the following products in the next several years. do you think these factors will ca

movement along the same curve towards a higher level of quantity demanded. Any other factors other than price which affects the demand for a product will result into a change in its demand at every level; hence the whole demand curve will shift from its original position and will operate on a new demand curve formed on the basis and magnitude of the change. Some factors which affect the demand for a product are changes in the income level of a person, changes in the distribution of income, advertising and marketing of the product, consumer's taste, fashion or trend, credit facilities associated with the product, price of substitute goods and complementary goods etc. Any changes is population are also considered to be a factor which influence the demand, however, it is considered to be a long-term factor, any changes in population usually occur over a large period of time.
The market for convenience foods is expanding rapidly even though there are various programs and efforts directed to inform the people about its adverse effects on human health. Some people believe that it contains lesser amount of nutrients and higher amount of fats, preservatives, taste enhancers etc. ...Show more

Summary

Ans.) There are various factors which affect the demand for a product. The main factor which affects the demand for a product is its 'Price'. The Law of Demand states that : As price of a good increases, its quantity demanded decreases and vice versa. However, any change in the price of a commodity will not shifts its demand curve, any price changes will result in an extraction or contraction of demand i.e…
Author : cathrinefisher
Save Your Time for More Important Things
Let us write a custom essay on your topic
"Q1) list and elaborate on the factors that will be affecting the demand for the following products in the next several years. do you think these factors will ca Essay"
with a personal 20% discount.
Find out more

Related Essays

Q1) list and elaborate on the factors that will be affecting the demand for the following products in the next several years. do you think these factors will ca
This form of shopping has a lot of scope and as the world shrinks, internet shopping will show an increasing trend. Fax is an almost universal way for businesses of all sizes to communicate. That is not likely to change in the immediate future. Why Fax provides an efficient way to send paper documents.
8 pages (2000 words) Essay
Factors Affecting the Oral Communication Assessment in ESL Students
Therefore, ESL students try their best to become proficient in the English language. Second language learners are doing their best not only to learn the English language but to become proficient with it at the same time. They enrol themselves into various English proficiency programs that would help enhance their skills in order to become competitive in the global market.
16 pages (4000 words) Essay
Solvability Factors
There are several factors that play role in the result of a crime investigation. These factors are referred to as solvability factors which are gaining more attention with the establishment of cold case squads and assessment of crime statistics. In order to clearly define the nature of solvability factors, it is important to determine first what constitutes a "solved crime." Solved crime is considered solved when the offender or perpetrator is already arrested and charged with the crime committed but not taking into account the fate of the case, whether the charged is eventually convicted or acquitted (Mouzos and Muller, 2001).
4 pages (1000 words) Essay
High Pump Prices Oil Demand and Supply Factors
Assuming an initial equilibrium point E1 with 49 million barrels at $57.93 per barrel, the new equilibrium position E2 is now at 51 million barrels at $58.13 per barrel. The change in equilibrium price and quantity is brought about by the shift in the demand curve D1.
3 pages (750 words) Essay
Factors Affecting Operations Management Today
As concerns to an organization, its structure impacts the manner in which work is basically carried out. More than anything else it adheres to the different purposes of the discrete
4 pages (1000 words) Essay
External Factors Affecting Recruitment
Since few decades, there has been significant increment in the importance of recruitment and selection process, as huge number of organizations is in the process of recruiting employees for their
2 pages (500 words) Article
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT