What is the simple meaning of demand?
Answer and explanation
Correct answer: ग्राहकों द्वारा किसी वस्तु या सेवा को खरीदने की इच्छा और क्षमता
In basic economics and business, demand means the desire for a product supported by the ability and willingness to pay for it. A person may like an item, but without purchasing ability or willingness, that desire alone is not effective demand. Demand estimation helps a business plan production, stock, and sales. Therefore, A is correct.
Frequently asked questions
What is the correct answer to this question?
ग्राहकों द्वारा किसी वस्तु या सेवा को खरीदने की इच्छा और क्षमता
Why is this the correct answer?
In basic economics and business, demand means the desire for a product supported by the ability and willingness to pay for it. A person may like an item, but without purchasing ability or willingness, that desire alone is not effective demand. Demand estimation helps a business plan production, stock, and sales. Therefore, A is correct.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Business, Trade and Commerce.
