what is selective demand advertising
Demand refers to the entire relationship between the prices and the quality of the product. Quality demand refers to one particular point on the demand curve.
primary and secondary demand
Well, hello there, friend! Primary demand is the overall demand for a product or service in the market, while secondary demand refers to the demand for a specific brand or company within that market. It's like the difference between loving all the beautiful trees in the forest (primary demand) and having a special place in your heart for a particular oak tree (secondary demand). Both are important in their own way, just like how every brushstroke adds to the beauty of a painting.
a change in demand is a movement along the demand curve, and a change in quantity demanded is a shift in the demand curve
what is selective demand advertising
what is selective demand advertising
Demand refers to the entire relationship between the prices and the quality of the product. Quality demand refers to one particular point on the demand curve.
Well, hello there, friend! Primary demand is the overall demand for a product or service in the market, while secondary demand refers to the demand for a specific brand or company within that market. It's like the difference between loving all the beautiful trees in the forest (primary demand) and having a special place in your heart for a particular oak tree (secondary demand). Both are important in their own way, just like how every brushstroke adds to the beauty of a painting.
primary and secondary demand
a change in demand is a movement along the demand curve, and a change in quantity demanded is a shift in the demand curve
aggregate demand curve is the total sum of all the individual demand curves while individual demand curve is the demand made by the single individual.
equilibrium is the responsiveness of quantity demand to a change in price.
Marketing a category is advertising intended to drive interest to the general product category e.g Coca-cola for soft drinks and marketing a brand is when companies deliver messages that point out how their brand is the best match for the needs of the target market
In economics, inelastic demand means that changes in price have little impact on the quantity demanded, while elastic demand means that changes in price have a significant impact on the quantity demanded.
The primary purpose of persuasive advertising is to influence consumer attitudes and behavior towards a product or service. It aims to create a desire for the product, persuade consumers to make a purchase, and ultimately drive sales for the advertiser.
Direct demand is the demand that the primary agent has for something. The primary agent desires the good or service for themselves. Indirect demand is the demand that arises for something by a secondary agent due to an interaction that occurs corresponding to the primary agent. For example: If a federal mandate occurs for ethanol to be blended at a level for the entire transportation fuel supply, the increase in corn demanded for producing ethanol is an indirect demand. The mandate may not be for corn use, but there is indirect demand for corn. However, consider that the ethanol production facilities that utilize corn for the production of ethanol have a direct demand for corn. The indirect demand for corn arises from the original demand for ethanol. The designation of direct or indirect is a matter of perspective for the question being asked.