Factors influencing demand for a product, Managerial Economics

Factors influencing demand for a product

These are broadly divided into factors determining household demand and factors affecting market demand.

Factors affecting household demand

  1. The taste of the household
  2. The income of the household
  3. The necessity of the commodity, and its alternatives if any
  4. The price of other goods
Posted Date: 11/27/2012 4:58:23 AM | Location : United States

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