Select the correct text in the passage given below. Which sentence identifies a factor that affects demand for a car manufacturer? A car manufacturer intends to lead in terms of market share. The company ensures that it caters to multiple consumer segments, and thus has a broad product portfolio. The production technology that the manufacturer uses is efficient and the company intends to raise the production by 25 percent. The production team concentrates on constant innovation. However, raw materials like metals have gone up in price, which is a pressing concern for the company. Worldwide constraints on crude oil have caused an increase in the price of gas, which car owners must also purchase. Thus, the marketing team is working on new activities to increase sale opportunities. They constantly monitor market trends through surveys and feedbacks.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Select the correct text in the passage given below. Which sentence identifies a factor that affects demand for a car manufacturer? A car ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Cola Inc. and Soda Co. are two of the largest and most successful beverage companies in the world in terms of the products that they sell and their receivables management practices.
Answers (1)
The fundamental source of monopoly power is
Answers (1)
ABC bank requires a 20% down payment on all of its home loans. If a house is priced at $145,000, what is the amount of the down payment required by the bank? A 290,000 B 14,500 C 29,000 D 18,000
Answers (2)
Sundance Systems has the following transactions during July. July 5 Purchases 56 LCD televisions on account from Red River Supplies for $3,300 each, terms 3/10, n/30. July 8 Returns to Red River two televisions that had defective sound.
Answers (1)
In the product development process, what takes place between concept testing and market testing? Multiple Choice securing financial backing conducting marketing research brainstorming determining potential ROI performing product development
Answers (1)
New Questions in Business
Which of the following items is not a temporary difference? A. Vacation pay accrued for tax purposes in a prior period is deducted in the current periodB. Tax depreciation for the period exceeds book depreciationC.
Answers (1)
1. Expansion will always come with additional expenses True or False 2. Whether the business owner likes the type of business he or she is in is not important True or False 3. Many Franchises require franchisees to pay royalties True or False 4.
Answers (2)
In all careers, there are both hard skills and (blank) skills that are important for success.
Answers (1)
What is the definition of derived demand? a. consumer demand for a product, stimulated by lack of availability of another product b. demand, due to advertising, for goods and services that are luxuries rather than basic necessities c.
Answers (1)
In a competitive market, no single producer can influence the market price because many other sellers are offering a product that is essentially identical. consumers have more influence over the market price than producers do.
Answers (1)