Question

what is the effect of customer preference and choice in real estate home sales?

Answer 1

As per the demand theory,price is the major affecting factory of the quantity produced in market.But there are other factors also,taken into consideration under laissez fairre concept.Among thise customer preference is the one.

In the real estate market,there are tough competitors posing challenge to each other.And in such a competitive world,it becomes necessary to consider the taste and oreferncpr of customers.The higher the satisfaction customer gains,higher will be the chance of the commodity been chosen; implying that if houses in real estate meets the need and demand of customers then they are preferably chosen and vice versa.