Latent Demand Is That Demand Which Is

question 4

Multiple Choice

Latent demand is that demand which is:

• A)prevented from ever being satisfied.
• B)hidden from view.
• C)confirmed as likely.
• D)'sleeping' until an event is provided for it.

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Definitions:

Optimal Price

The price point that maximizes a company's profits or achieves other specified business objectives, taking into account costs, demand, and competitive pricing.

Customer Complaints

Customer expressions of discontent regarding a product or service.

Mason Jars

Glass jars with a sealable metal lid, traditionally used for preserving food, but also popular in crafts and as trendy containers or drinkware.

Bootlegger

An individual who illegally manufactures, sells, or transports alcoholic beverages.