The need for an item backed by the ability to pay by a consumer is...
MARKETING
WAEC 2023
The need for an item backed by the ability to pay by a consumer is
- A. utility
- B. want
- C. demand
- D. exchange
Correct Answer: C. demand
Explanation
Demand is an economic concept that relates to a consumer's desire to purchase goods and services and willingness to payt a specific price for them.
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