Market size.

Market size is the number of potential buyers and sellers of a good or service.

Usually the larger the market size, the higher the demand for goods and services.

Companies that are successful domestically may expand to another country to access more potential buyers.

Consumer purchasing power.

Consumer purchasing power indicates how much money people have to buy things.

The higher the purchasing power consumers have, the more they can afford.

Consumer preferences.

Consumer preferences reflect how consumers feel about good or service.

When there is a change in consumer preferences, there will be a change in demand.

For example, if a fashion brand becomes popular, there will be higher demand for it.

Complementary goods are goods that are usually used together, such as cars and gasoline.

The higher the purchasing power consumers have, the more they can afford.

If a style of clothing becomes more popular among consumers, the demand for it will increase.

Many canadian companies expand their businesses to the united states to access more potential buyers.

Market size is the number of potential buyers and sellers of a good or service.

The lower the purchasing power consumers have, the less money they are likely to spend on goods they don't need like luxury items.

The higher the purchasing power consumers have, the more money they are willing to spend on goods they want.

Advertisers try to influence consumer preferences to create more demand for good or service.

The demand for a product will increase or decrease depending on consumer preferences.

Sugary drinks are becoming less popular among consumers. So the demand for soda has decreased.

When there is a change in consumer preferences, there will be a change in demand.

Advertisers try to influence consumer performances to create more demand for good or service.

Complementary goods.

Complementary goods are goods that are usually used together, such as cars and gasoline.

If the price of a product is increased, the demand for its complementary goods is likely to decrease.

For example, if the price of gasoline increases, there will probably be a lower demand for gasoline cards.

Substitute goods.

Substitute goods are products that fulfill the same consumer needs.

When the price of a product goes up, the demand for its substitutes is likely to increase.

If one brand of toothpaste becomes more expensive, demand for other brands is likely to rise.

Complementary goods are goods that are usually used together, such as cars and gasoline.

What may happen if a brand of soda raises its prices, demand for its competitors may increase. Consumers will buy more soda. There will be a shortage of soda.

Goods that are usually consumed or used together. Complementary goods are goods that are usually used together, such as cars and gasoline.

How consumers feel about a good or service.

Consumer preferences reflect how consumers feel about good or service.

If the company raises the price of its products, the demand for its competitors may increase.

Substitute goods satisfy the same consumer needs and may replace one another.

If a company raises the price of its products, the demand for its competitors may increase.