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To affect the demand for Sony's products using competitors' offerings, one can focus on competitive pricing, unique features, and marketing strategies. By highlighting superior aspects of Sony's products compared to rivals, such as better technology or user experience, demand can be increased. Additionally, promotional campaigns that leverage market trends or consumer preferences can sway customers away from competitors. Monitoring competitors' moves and adapting strategies in response can help maintain or boost demand for Sony products.
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When a company produces a small quantity of a product and a large number of people want to purchase the product what is true?
Supply is low, demand is high, and the product is priced high.
When a producer is unable to meet the demand of a certain product?
If a producer is unable to meet the demand for a certain product, then either there will be other producers of the same product who will meet the demand, or if not, then there will be a shortage. Prices will rise.
When a producer is unable to meet the demand of the certain product?
If a producer is unable to meet the demand for a certain product, then either there will be other producers of the same product who will meet the demand, or if not, then there will be a shortage. Prices will rise.
The supply of a product does not depend on what?
anything other than demand
What is zero demand?
When the demand for a product is not present yet the product is bought then it is called zero demand...for example - the demand for old newspapers. It may be bought for other purposes and not for reading it or historians and others might buy to read it too.
What is autonomous demand and derived demand?
demand which is demand which is depend on the purchase of the final product,its called derived demand.eg:purchase of thed fuel for the car.i.e car is the main or final product and fuel is derived product.raw material for the production of the fimal product.or machinary. autonomous demand is independent of the other product or main product.its not linked or tie-up with the other goods or commodity.eg: food artical,cloths. vijay mahajan
What are 5 factors that affect the demand of fast moving consumer good?
The 5 factors that affect the demand of fast moving consumer good include the price, quality, availability, competition and the use of the products. There are many other factors that affect the demand for such commodities
What make pricing of product an important product decision Justify its significance in the light of the growth and profitability of the business?
The pricing of a product is a key factor in determining demand for the product. For instance, if something is priced too high, demand will decrease. If an item is priced lower than competitors, all other factors being equal, then demand for the product will increase.
When a producer is unable to meet the demands of a certain producer?
If a producer is unable to meet the demand for a certain product, then either there will be other producers of the same product who will meet the demand, or if not, then there will be a shortage. Prices will rise.
What will happen to demand for a commodity if the price of its complementary falls?
Complement goods are those goods which uses collectively or side by side e.g petrol and cars. If the demand of one good changes then demand of other good move in the same direction. If the price of product complementary falls then the demand of complementary product increases according to the demand law which in turn increase the demand of product. Suppose the prices of petrol falls which will increase the demand of petrol which in turn in increase the demand of cars.
How does law of supply and demand affect the labor market?
Salary of employed individuals are totally associated with the laws of demand and supply.More demand mean more resource required. Resource in terms of human and monetary capital. When the demand is high company will hire hardworking employees at a high wages, in order to fulfill the need of the customers. on the other hand, if the demand is low then it automatically means supply is low. When the supply is low, company will go for downsizing or reduce the wages of the employees. the wage is reduced because supply is low, and resource becomes burden on the company.
How does the advertising agency market a product to the consumers?
An advertising company works with the product company to develop a commercial and other promotional ideas to get consumers to want to purchase the product.
