Which of the following is an example of a demand condition?
A)sophistication of consumers
B)intensity of competition
C)existence of supplier clusters
D)natural resources

Question

Quizplus · Accepted Answer

Sophistication of consumers is a demand condition, as it refers to the characteristics and preferences of the target market that influence their demand for a product or service. Intensity of competition, existence of supplier clusters, and natural resources are all examples of other external factors that can affect a company's competitiveness, but they are not demand conditions specifically.

Which of the Following Is an Example of a Demand