0
The consuming habits of Canadians tell businesses what kind of goods and services, when they want them, where they want them, and how much they are willing to pay for them. Businesses use this information along with their own research to provide goods and services, in a quantity that satisfies the demand. However by satisfying the customers the business needs to also make a profit. If they cannot then they can't continue to satisfy the consumers. The supply and demand need to be at a steady rate for it to be profitable and to satisfy the consumer. For example if it shows that Canadians are liking more Pizza fast food restaurants then, it would be a good business opportunity to provide that product in your business. If more people seem to be coming from a certain location to buy pizza then setting it up close to that location would be a good idea as well. It would also be reasonable to charge pricing according to the amount that consumers pay at other stores for similar goods or in this case pizza.
Add your answer:
Earn +20 pts
Write 5 paragraphs explaining how global economics business practices and media bias can affect the spending habit and budgeting practices of an individual?
Global economics, business practices, and media bias can affect the spending habit and budgeting practices of an individual because they are external environmental factors that affect spending habits.
How can consumers change their spending habits?
Easy. Buy other stuff in other amounts, at other times. Then you've changed your spending habits.
Example of editorial of criticism?
BALIWstudy habits
Which is true If the demands for a product is inelastic?
a price increase does not have a significant impact on buying habits
What is the name for a way of life for intellectuals and artists marked by material poverty and unconventional habits?
bohemian
What are wrong habits and pollution?
Wrong habits such as smoking , consuming alcohol,gutkha,tobacco etc cause pollution which not only endangers the human being's self health but also impure the atmosphere around it.
How would you put analysis in a sentence?
The business did a full analysis of their customer habits.
How do I learn my metabolic type?
Well, I would recommend paying very close attention to your eating and consuming habits. However, there is also the option of going to a family doctor to get a check-up.
Who is Shannon McQueen?
Shannon McQueen is a life coach and blogger based in Oakland, CA. She blogs on life coaching and creating optimal habits. Her life coaching business Optimal Habits will launch December 2010.
What are referents?
Banks and suppliers used in the lessee’s business and listed on the lease application. Lessor will contact them to check lessee payment habits.
What three habits should you create while reading a business transaction?
I am very happy when Iread business transactions for the following reasons: 1-forbetter performance of business plans 2-for preparing financial stetements 3-for preparing financial reports.
What are credit references?
Banks and suppliers used in the lessee’s business and listed on the lease application. Lessor will contact them to check lessee payment habits.
What are the sunflowers habits?
Sunflowers don't have habits. People have habits.
What are the habits of a parrot?
Habits about their appearance. Endangered. what are their habits and habitats
Business owners who find their business overwhelmed with monthly?
If you find that you have too many monthly expenditures, one must either cut back on spending, or find a different way to find deals on spending habits.
What is the basic knowledg of poultry business?
The basic knowledge of poultry business is very important before venturing into it. This may include understanding the food needed, feeding habits, possible diseases and so much more.
why is digital marketing is importance for local business In local business we need modern marketing to enhance local business also we make some strategies to grow business we can help from digital marketing for local business?
effective digital marketing helps small businesses learn the online habits of customers so they can better target ideal customers
