Question

Economic factors refer to the purchasing power of the potential customers."" Explain. What is meant by the terms ""purchasing power and potential customers""?

Answer 1

Explanation:

sorry don't know the answer

Answer 2

Answer:

It is the money and credit available for spending and consumption of goods and services. Demand and prices cannot rise beyond the available purchasing power. It is also called 'buying power'. ... Potential customer is someone who is capable of becoming a purchaser of product and/or services from an organisation

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