Question

All of the following are demand factors except Multiple Choice consumer income.
A) the price of similar products.
B) the availability of similar products.
C) consumer tastes.
D) the number of distribution outlets carrying the product.

Answer 1

Answer:

The answer is: D) the number of distribution outlets carrying the product.

Explanation:

Generally speaking their are six external factors that can affect the demand of a product or service (other than the price of the product or service):

1. Consumer tastes
2. Income
3. Price and availability of substitute goods
4. Price and availability of complements
5. Population
6. Consumer expectation

The number of distribution outlets carrying the product usually doesn't affect the demand since the more a product is sold, the more outlets will start to sell them.