A Change in a Non-Price Factor of Demand Will Cause

question 109

Multiple Choice

A change in a non-price factor of demand will cause:

• A) a movement along the demand curve.
• B) a shift of the demand curve.
• C) the demand curve to rotate inward.
• D) the demand curve to rotate outward.

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Definitions:

Marketing

The process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods, services, or ideas.

Supply Chain Management

The control over the transportation and warehousing of raw materials, goods in the production process, and finalized items from their source to their destination of use.

Supply Chain

A network comprising of entities, individuals, processes, data, and assets that facilitate the transit of a good or service from its origin to the end user.

Whole-Lot Quantities

The complete amount of goods considered as a single unit for manufacturing, ordering, or selling purposes.