INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ refers to a buyer’s desire and willingness to pay a price for a specific good or service.
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Value
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Demand
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Creativity
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Price point
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Explanation:
Detailed explanation-1: -What Is Demand? Demand is an economic concept that relates to a consumer’s desire to purchase goods and services and willingness to pay a specific price for them.
Detailed explanation-2: -Demand is the desire, willingness, and ability to buy a good or service. price and the quantities bought and sold. Several factors can cause market demand for a product or service to change.
Detailed explanation-3: -Demand is just how many of an item a consumer is willing to buy-the sheer quantity. Quantity demanded is how many things a consumer will purchase at a specific price.
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