Factors Affecting Demand According to the law of demand when the price of a commodity increases the demand will decrease and vice versa. It states that price is the main factor that affects the demand for any product‚ though there are lots of many other factors. These other factors directly/ indirectly affect the demand. If these factor changes‚ demand also changes. This means these factors determine demand for a commodity on the following grounds. • Price of the Commodity: The quantity demanded
Premium Supply and demand Consumer theory Marketing
* Demand: demand is the quantity of a product or service that is wanted by the buyers. The quantity demanded resembles the amount of the product that people are willing to purchase are at a stated price. The relationship between demand and price can be shown through the law of demand. Law of demand: The law of demand states that customers are likely to purchase more of the good when the price is low and less of it when the price is high. In other words‚ price and quantity demanded move in opposite
Premium Consumer theory Goods
FACTORS AFFECTING DEMAND & SUPPLY OF PETRLO CARS VS OTHER FUEL CARS In India there are basically four types of fuel cars :- 1. Petrol cars 2. Diesel cars 3. LPG cars 4. CNG cars Except these Electric cars are also going to be launched in India. FACTORS AFFECTING DEMAND :- 1) PRICE OF CAR: Demand of a particular commodity is firstly affected by price. It can be seen in the case of cars also. Petrol cars are cheapest among all other fuel cars available
Premium Suzuki Maruti Suzuki Tata Motors
TOPIC:THE EXOTIC TOURISM IN INDIA WHAT IS TOURISM? Before hitting the target of tourism in india‚let us first know what do we mean by TOURISM.(international).Tourism is travel for recreational‚ leisure‚ or business purposes.What the WTO(World Tourism Organisation) tells is that Tourism is people "traveling to and staying in places outside their usual environment for not more than one consecutive year for leisure‚ business and other purposes".Now this can be considered as an exact definition
Premium Tourism
CONTENTS PAGE Page Section 1 - Introduction 3 Section 2 - Evaluate main factors affecting consumer demands & types of hospitality products 2.1 Seasonality 4 - 5 2.2 Price 6 - 7 2.3 Location 8 - 9 2.4 Contemporary issue 10 - 11 Section 3 - Conclusion 12 Section 4 - References 13 - 14 Appendix 1 & 2 15 SECTION 1 - INTRODUCTION
Premium Hotel Hospitality industry Lodging
Factors affecting Cultural tourism Economic Impact The events and festivals are recognized as economic drivers‚ with their help business and tourism are not only industry field which benefits from festivals‚ but the most cities and municipalities themselves benefit. Cultural tourism has been placed at the center of many urban regeneration strategies because it can provide the basis to reanimate city centers‚ rejuvenate existing cultural facilities‚ create new cultural
Premium Tourism City Cultural tourism
Discuss the factors causing a shift in the demand and supply of a specific commodity. In economics‚ Demand refers to the quantity of a goods or services that consumers are willing and able to buy at a given price in a given time period. The law of demand stipulates that there is an inverse relationship between the price of a good and the quantity demanded‚ that is to say‚ if the price of‚ say‚ good X rises‚ it will decrease the quantity demanded of good X and the price of the good falls‚ this
Premium Supply and demand Consumer theory
Describe the Factors Affecting Majority Influence A study was carried out by Solomon Asch which showed the factors which affected majority influence. In his study he wanted to see how group pressure affects group tasks with an obvious answer. The method he used to carry out this study was by using eight male students were arranged around a table but only one of them however was a real participant who turns up late and the others were confederates of the researchers. The task was to identify out
Premium Conformity Affect Asch conformity experiments
Apple Leadership Product Images & Info Press Releases Apple Reports Second Quarter Results Record March Quarter Revenue and Profit iPhone Sales More Than Double CUPERTINO‚ California—April 20‚ 2010—Apple® today announced financial results for its fiscal 2010 second quarter ended March 27‚ 2010. The Company posted revenue of $13.50 billion and net quarterly profit of $3.07 billion‚ or $3.33 per diluted share. These results compare to revenue of $9.08 billion and net quarterly profit of $1.62
Premium Apple Inc. Steve Jobs Strategic management
All work submitted for assessment must be the student’s own work. Sources of the work of others must be acknowledged in full. Sometimes students’ might accidentally plagiaries. This is usually the result of a lack of academic writing skills‚ inexperience‚ and sloppy note taking. It is relatively important that students learn and follow the practice established or recommended for citation of written works in any field of academic study. This assignment defines plagiarism and details how I can avoid
Premium Quotation mark Cambridge Academia