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List the Major Non-Price Determinants of Demand

question 7

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List the major non-price determinants of demand.


Definitions:

Monitoring

The continuous or regular observation and recording of activities or processes for the purpose of ensuring compliance with standards or progress toward objectives.

Riskier Investment

An investment option that carries a higher probability of losing money but also the potential for higher returns.

Liability

An obligation that an individual or entity has to another individual or entity, often involving the payment of money.

Interest

The cost that creditors charge for use of their capital.

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