PED & PES Flashcards
1
Q
Determinants of ped
A
- necessities and luxuries
- substitutes
- income
- fashion trends
- brand loyalty
2
Q
Determinants of pes
A
- spare capacity
- level of stock
- no. Of producers in industry
- time period
3
Q
How to increase pes
A
- create spare capacity
- keep large volume of stocks
- upgrade to latest tech
