Question

ABC Vehicles expects the worldwide demand for new hybrid vehicles to reach 5 million by 2016. However, the demand for new hybrid vehicles is not the only demand the automotive manufacturers face. It will combine with other sources of demand—including warranty repairs, spare parts, and the like. When considering how warranty repairs, spare parts, etc., impact demand, ABC Vehicles is determining __________ for all assemblies and components that go into hybrid vehicles.

a. Unselected overall market demand
b. Unselected supply forecasts
c. Unselected firm-level demand
d. Unselected price forecasts
e. Unselected I DON'T KNOW YET

Answer 1

The correct answer is c. firm-level demand

Step-by-step explanation:

Demand can be defined as the quantity of goods and services that are acquired by consumers at different prices, at a specific unit of time (one day, one month, one year, etc.) since without a temporary parameter we cannot say if a Demand amount grows or decreases.

When a person chooses to buy some good, to meet his needs, he does so consciously, based on his criteria both objective and subjective; These conditions are modified according to the educational and socioeconomic level, sex, age, among other factors.