Each of the Following Is a Determinant of Demand Except

question 62

Multiple Choice

Each of the following is a determinant of demand except

• A)tastes.
• B)production technology.
• C)expectations.
• D)the prices of related goods.

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Definitions:

Ethical Consumerism

The practice of purchasing products and services produced in a way that minimises social and/or environmental damage, while avoiding products and services deemed to have a negative impact on society or the environment.

Social Damage

The negative impact on society or specific communities resulting from actions or policies, which can include economic disparities, environmental degradation, or social injustices.

Environmental Damage

The detrimental impact human activities have on the natural world, including air and water pollution, deforestation, and climate change.

Shared Value

The policies and operating practices that enhance the competitiveness of a company while simultaneously advancing the economic and social conditions in the communities in which it operates.