Apart from population,which of the following is most indicative of the market potential for most consumer and industrial products and services?
A) Political stability
B) Education levels
C) Life span
D) Income

Question

Quizplus · Accepted Answer

Income is the most indicative of market potential for both consumer and industrial products and services as it determines the purchasing power of the customers. Higher income means greater purchasing power and more potential customers for the products or services offered. While political stability, education levels, and life span can also impact market potential, income has a more direct correlation with purchasing power and therefore, market potential.

Apart from Population,which of the Following Is Most Indicative of the Market