BUISENESS MANAGEMENT
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ are wants for specific products backed by an ability to pay.
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Needs
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Desires
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Demands
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Wants
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Offerings
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Explanation:
Detailed explanation-1: -Desire backed by the ability to pay and willingness to buy that commodity is called demand. Production and price of a commodity depends on the demand of that good.
Detailed explanation-2: -Demand is want for specic product backed by on ability to pay.
Detailed explanation-3: -Wants are requests directed to specific types of items. Demands are requests for specific products that the buyer is willing to and able to pay for. In a consumer market examples are usually very clear to identify.
There is 1 question to complete.