Year 7 Business Consumer Demand

What does "consumer demand" mean in business?

• The money businesses have

• What consumers want to buy

• The location of a store

• The colour of a product

What can make consumers want to buy more of a product?

• Making the product more expensive

• Making less of the product

• Making the product better or more appealing

• Hiding the product from consumers

What does "supply and demand" mean?

• The number of stuff in a store

• The number of businesses in an area

• How much of a product there is and how many people want it

• The price businesses set for products

How can a business make its products stand out from others?

• By making them look exactly the same

• By making them cost more

• By making them different in a special way that people like

• By making fewer of them

What's the main goal of a business when it comes to consumer demand?

• Making as much money as possible

• Making products that nobody wants

• Meeting what consumers need and want

• Ignoring consumers

How does price usually affect consumer demand?

• Higher price often means fewer people want it

• Higher price always makes more people want it

• Price doesn't matter

• People want things for free

If a company makes a new product that people didn't know they needed, what is this an example of?

• Following trends

• Making the same old stuff

• Creating demand

• Ignoring consumers