(a)[2]
Define what is meant by the term 'demand'.
(b)[3]
Explain two factors that may affect the supply of a product.
Business 9609 · AS & A Level · The nature of marketing
The nature of marketing — practice question
Worked solution & mark scheme
This 5-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Complete definition: the quantity/amount of a product that customers are willing and able to purchase at a particular price during a specified time period.” …
- Full mark scheme, point by point
- Step-by-step worked solution
- Write your answer & get it marked instantly by AI