External influences on demand
What External influences on demand means in Business GCSE, as defined for AQA.
Definition of External influences on demand
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Reference: AQA
Demand can be influenced by external factors, such as a recession or a competitor's new product, which can change demand at any stage.
Topics that use External influences on demand
Related terms
- Access to customers
- Adaptation and reaction
- Adaptation to change
- Advertising
- Balancing
- Batch Production
- Brand awareness
- Brand awareness and image
Using External influences on demand in the exam
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