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Questions and Answers
Which of the following factors influences consumer behavior and demand?
Which of the following factors influences consumer behavior and demand?
- Price of the product (correct)
- Availability of public transportation
- Number of competitors in the market
- Weather conditions
What is the relationship between consumer behavior and demand?
What is the relationship between consumer behavior and demand?
- Consumer behavior has no impact on demand
- Consumer behavior and demand are unrelated
- Consumer behavior indirectly affects demand
- Consumer behavior directly affects demand (correct)
Which of the following is an example of consumer behavior?
Which of the following is an example of consumer behavior?
- A consumer's decision to purchase a product (correct)
- Technological advancements in manufacturing
- A company's marketing strategy
- Government regulations on product pricing
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