In most cases, demand for products or services can be broken into several components. Which of the following is considered a component of demand?
A) Cyclical elements
B) Future demand
C) Past demand
D) Inconsistent demand
E) Level demand

Question

Quizplus · Accepted Answer

Cyclical elements are considered a component of demand, as they reflect the fluctuations in demand over certain periods due to factors like seasons, economic cycles, or holidays.

In Most Cases, Demand for Products or Services Can Be