ENTREPRENEURSHIP

Detailed explanation-1: -Consumer expectations If consumers expect the value of an available product or service to rise, then the demand simultaneously rises too. The term given for the balance between the price a business is willing to sell its product or service for and the price a consumer is willing to pay for it is the equilibrium price.

Detailed explanation-2: -Audience’s emotional response: One of the reasons marketing campaigns are effective is they cause consumers to react to them. The more people react to your marketing campaigns, the more they will talk about them. And the more they discuss your brand and products, the more likely people are to buy them.