Question

Which of the following statements successfully conveys the meaning of dollar votes? a concept that explains inflation and its effects on a market a concept used to determine which new product a business should introduce in the market a concept that compares a product’s status with that of the market leader a concept that explains how a customer’s choices affect which products a business should continue to supply in the market

Answer 1

The answer is D. A concept that explains how a customer’s choices

affect which products business should continue.

to supply in the market

Step-by-step explanation:

Just got it right on Plato.

Answer 2

a concept that explains how a customer’s choices affect which products a business should continue to supply in the market

Step-by-step explanation:

In simple words, Dollar voting relates to the example used only to relate to the effect of consumer demand on the behavior of suppliers via the stream of consumer purchases for their commodities to the suppliers.

In the potential, goods which people purchase will continue to be made. Throughout the future, product lines which are not selling as well as anticipated will probably have fewer productive assets. Efficiently, customers vote for "finalists" as well as "whiners" with their transactions as per this metaphor.