Factors that affect demand for a product

Factors that affect demand for a product

HideShow resource information

examples

  • state of economy (how much people willing to spend)
  • quality of product/ service
  • brand image -> brand rep-> brand awarness
  • usage rate
  • availability
  • current trends (change over time)
  • seasons
  • price
  • inflation
  • boom/slump
  • advertising
  • mass marketing
  • competitors
  • alternative/ subsitute
  • improvement on product
1 of 1

Comments

No comments have yet been made

Similar Economics & Business Studies resources:

See all Economics & Business Studies resources »See all Macroeconomic Indicators resources »