Demand is backed up by buying power in marketing because it reflects consumers' ability and willingness to purchase goods or services. When consumers have sufficient income or credit, they can act on their desire for products, effectively translating demand into actual sales. This buying power is influenced by factors such as economic conditions, employment rates, and consumer confidence, which can all affect how much consumers are willing to spend. Thus, effective marketing strategies must consider both demand and the purchasing capacity of the target audience to drive sales successfully.
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