Demand Factors Are

question 71

Multiple Choice

Demand factors are

• A)the number of consumers who can afford to purchase a product or service.
• B)the price that should be charged for a given product.
• C)elements that determine consumers' willingness and ability to pay for products.
• D)the number of consumers who want to purchase a product.
• E)the number of consumers who can purchase a product.

---

Definitions:

Partner's Consent

The agreement or approval given by a partner in a business partnership, allowing certain actions or decisions to be made.

Limited Liability

A legal structure where a company's owners and shareholders are protected from personal responsibility for the company's debts or liabilities.

Limited Partner

An investor in a partnership whose liability is limited to the amount of their investment, without management authority.

General Partner

In a partnership, the partner who has unlimited liability for the debts of the business and takes part in the management of the business.