The total number of products that will be bought by defined set of customers for specific area is called __________?
Correct answer: A. market demand
- A. market demand
- B. product demand
- C. services demand
- D. customer buying power
Explanation
Market demand is the total quantity of a product bought by a defined group of customers in a specified geographic area and period. Product demand is narrower and may refer to demand for a particular product by a particular customer group.
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