Question

Briefly list and elaborate on the factors that will be affecting the demand for the following products in the next several years. Do you think these factors will cause the demand to in-crease or decrease? (7 Marks)
a. Convenience foods (sold in food shops and supermarkets)
b. Products purchased on the Internet
c. Mobile phones
d. Digital cameras
e. Video streaming
f. Paid television subscription
g. Airline travel within India; airline travel within Europe
h. Petrol and Diesel​

Answer 1

Answer:

The factors that affect the demand for the following products are:

Explanation:

• Price: Price is one of the major factors that can affect the demands of the products.
• Customer preferences: It also depends on what customers are looking for when it comes to buying these products.  
• The economy of the country: If the economy is unstable, people won't have enough money that can affect demand.  

Answer 2

Answer:

Explanation:

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