What Effect Should Each of the Following Have Upon the Demand

question 10

Essay

What effect should each of the following have upon the demand for MP3 players? Explain your reasoning in each case.(a) the development of reasonably-priced smart phones that compete with MP3 players
(b) an increase in population and incomes
(c) a substantial increase in the number and quality free downloadable MP3s
(d) consumer expectations of substantial price increases in MP3 players
(e) a decrease in the price of MP3 players

Recognize the different levels of service provided by retailers.

Gain knowledge about energy conservation measures in retail establishments.

Understand the benefits and characteristics of retail corporate chains to consumers.

Grasp the different forms of retail ownership.