. Neha has just completed her MBA and joined a startup company. The company was
planning to launch a new product in the market so the management wanted to
understand the different factors that can impact the demand and supply of their
products in the market. Help Neha to prepare a report on the factors impacting demand
and supply of products in the market.
Answers
Answered by
2
Hello there,
Following are the factors that might effect the demand and supply and must be kept in mind before launching a product in a new market
The buying power of the market.
Similar products in the market and their sales.
Price competition among similar products.
Selling points of the market.
Market analysis
Buying patterns and behaviours of the people.
The demand of the people in terms of that particular product.
I hope the answer is helpful.
Thanks
Answered by
1
The factors impacting demand and supply of products in the market includes the price fluctuations, availability of alternatives and trends of the market.
Explanation:
- Factors that affect the supply and demand of the product n the market includes the costs of inputs, technology, quality of the goods, taxation policy, seasonal fluctuations and tastes, and reference of the customers.
- The changes in prices create a movement around the demand curves which may be elastic or inelastic. These are further influenced by the income levels of the clients, advertising policies, availability of substitute products.
- Technology is also one of the biggest factors of production which includes expectations and its availability depends on the regulations by the government.
Learn more about the Help Neha to prepare a report on the factors impacting demand and supply of products in the market.
- brainly.in/question/6822647 answered by myrakincsem.
Similar questions