Demographic factors refer to the characteristics of a population such as age, gender, marital status, nationality, ethnicity, number of members in the family, etc. When the kiddie village daycare center looks at the recent <em>increase in the number of working mothers</em> in its neighborhood to determine how many employees to hire, its managers are studying demographic forces. Thus, the statement is true.
I would say that the decision making conditon in this instance would be to offer a reward to prospective car buyers so as to attract them to a vehicle which will cost them less and also to compete with other car dealers in trying to win over the prospective clients.
Identical products, as well as a large number of buyers and sellers, are characteristics of a market. In such markets, sellers of goods influence the prevailing market price, giving them the role of price in the market. FALSE: <u>This characteristics correspond to competitive markets</u>, which are those markets where prices are determined by sellers and buyers simultaniouslly, and, none of them individually can exert influence over prices (nor sellers or buyers in particular) . Aditionally, goods or services must be homogeneous or equal.
The market for digital cable does not exhibit the two primary characteristics that define perfectly competitive markets: TRUE: digital cable is not an identical product (different sellers offer different options of channels, the service they offer is heterogeneous) and there are not many sellers, in a way that they cannot exert influence over prices. Then, it is not a competitive market.
