In the context of a business where products and services are offered to customers, demand is created by the?

1 answer:

3 0

In the context of a business where products and services are offered to customers, demand is created by the customers.

This is further explained below.

<h3>What are customers?</h3>

Generally, In the context of a company that provides goods and services to consumers, the demand for such goods and services is generated by the customers themselves.

In conclusion, the Customer is the receiver of an item, service, product, or idea that was gained from a seller, vendor, or supplier through a financial transaction or exchange for money or some other valued consideration. The term "customer" is used in the contexts of sales, commerce, and economics.

You might be interested in

The following statements accurately describe the difference between saving and investing EXCEPT…

vagabundo [1.1K]

Answer:

Saving can only be done in person. Investing can be done both in-person and online.

Explanation:

Saving refers to keeping some funds aside for use during emergencies. Individuals and institutions also save as a way of accumulating funds for a specific intention. Banks and other deposit-taking institutions offer saving services to pool funds and lend them for investment and consumption.

Saving will attract lower interest rates, sometimes below the inflation rate. Banks offer lower rates on saving and charges a higher interest rate to borrowers to make profits. Because saving offer lower returns, they are suitable for short-term periods. Savings are relatively safer than investment.

Investments offer higher returns but have a higher risk. Due to their price volatility, investments are suited for the long-term to safeguard against price fluctuations.

8 0

3 years ago

A(n) __________ refers to a complete ban on importing or exporting of products from a specific country

azamat

An embargo refers to a complete ban <span>on the importing or exporting of products from a specific country.</span>

6 0

2 years ago

How can technological innovation help a company become globalised

shutvik [7]

Answer: Technology is the vital force in the modern form of business globalization. ... Technology has helped us in overcoming the major hurdles of globalization and international trade such as trade barrier, lack of common ethical standard, transportation cost and delay in information exchange, thereby changing the market place.

Explanation:

5 0

3 years ago

What fact or facts support a situation where trade is advantageous?

DedPeter [7]

What fact or facts support a situation where trade is advantageous?

B. II only

8 0

3 years ago

If you were in a debate fighting for the rights of something what techniques should you use, just curious?

Crazy boy [7]

Techniques? Hm, well I’d definitely try to reason with them. I’d rely more on logos by giving facts or data that can be proven in some type of way.

This was the best answer I could give for right now, considering that I’m currently typing with one hand. Let me know if you have any further questions.

3 0

3 years ago