SUPPLY AND DEMAND

Supply, Demand & Easyjet

Supply, Demand & Easyjet

Answer 1).

However, when we study the central aspect may be noted that the price always depends on the market, the components from the suppliers, buyers and competitors there. However, there should be the next inevitable market orientation and the costs are taken into account, as companies rely on their products and services gain to achieve. The two main design options for the entrepreneur in terms of pricing policy are the price levels and price differentiation. However, marketing mix is the coordinated use of marketing instruments, taking into account the market situation and the product life cycle. Moreover, the classic marketing theory distinguishes four central, operational areas, the 4 P's of marketing. However, the combination of the four marketing action tools consisted of promotion, place, product, and price. Thus, the focus is on the factors that define the price of the product. Thus, we can say that the people can highlight the important concept and the factors that define the pricing of the offerings are demand and supply (Greenleaf, 1995, 82-104).

Price - the most important economic category, providing a significant impact on solving social problems of population and strengthening the financial system that has acquired a special significance in the marketplace. Price is one of the four major buying motives in the choice of durable goods. Information about pricing and pricing of competing firms is a strategic interest. Many companies are investigating the price prevailing in the market, in order to inform the competition, the implementation of opportunities to increase profitability, determine its price niche. Even in a weakly saturated market and intense competition is not enough to study the price - an objective necessity, especially given the low standard of living of many people in our country and as a result of his special relationship with the prices (Briesch, Krishnamurthi, & Mazumdar, 1997, 202-214).

Demand gets defined as the amount of a product that buyers are willing and able to purchase at all prices. A consumer is said to demand a product if he or she is both willing and able to purchase a product. A consumer who is willing to purchase a product, but is unable to do so, is not considered to be part of the market demand because he or she will not actually purchase the product. Likewise, a consumer who is able but unwilling to buy a product is also not considered to be part of market demand. One of the most basic concepts in economics is the law of demand. The law of demand is simply an observation of a consumer's general response to changes in a product's price. As price decreases, consumers tend to be willing and able to purchase more of a product, and as price increases, consumers tend to be willing and able to purchase less of a product (Anderson, & Rasmussen, 2004, 45-57).

Supply is defined to be the amount of a product sellers are both willing and able to provide to the market at all ...