Which of the Following Terms Refers to the Quantity of a Product

question 84

Multiple Choice

Which of the following terms refers to the quantity of a product or service that businesses will make available at various prices?

• A) demand
• B) market potential
• C) supply
• D) capacity

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Definitions:

Statutory Assignment

The transfer of a legal right from one person to another pursuant to specific statutes.

Notice in Writing

A formal method of communication that is documented in a written format and often required by law or contracts to announce changes or intentions.

Privity of Contract

A doctrine in contract law stipulating that only parties to a contract can sue or be sued on it.

Notice of Assignment

A formal notification to the concerned parties that the rights or interests of an agreement have been transferred from one party to another.