Question

Mrs. Renfro's, Inc., is a company that sells 25 different relishes in 45 different states. Mrs. Renfro's chipotle corn salsa is so popular that the company cannot make enough to keep its resellers stocked. Its price of $4.50 for a jar seems just right to consumers who savor its hot and spicy taste. The popularity of hot and spicy food is an example of a __________ that Mrs. Renfro's has taken advantage of to make its product a success.

Answer 1

Answer:

Demand factor

Explanation:

Demand factor refers to a condition that determines the ability of a consumer and which influences his or her willingness to purchase a product.

The popularity of hot and spicy food is an example of a demand factor that Mrs. Renfro's has taken advantage of to make its product a success.

The demand for Mrs. Renfro's inc. Chipotle corn salsa is high that it couldn't meet the demand. Mrs. Renfro has taken advantage of the Popularity of the product because of how and spicy taste which makes consumers prefer it to other products.

The preference of the product to other products has made the demand for it increase over time.

Demand of a commodity can be defined as the total quantity of the commodity acquired by a consumer over time.

Demand factor is the ratio of the maximum quantity demanded during a period to the total supply of the product.