🟨 Does demand create supply? 🟨
In total, there are seven types of consumer demand .
Each of these types is a field for opportunities and development of your business .
💲 1. Lack of demand - consumers do not want to purchase a product due to a lack of information about the advantages and properties of the product, due to a lack of need for the product and interest in it.
💲2. Latent or hidden demand - there is an implicit need in the target market that cannot be satisfied by the existing set of goods or services.
💲3. Irregular demand - is changeable and inconsistent, has seasonal fluctuations depending on the month, season, day of the week.
💲4. Negative demand - the consumer consciously refuses to buy the product.
💲5. Full demand - supply completely satisfies demand.
💲6. Increased demand - the need for a product significantly exceeds the supply on the market.
💲7. Irrational demand is the demand for goods that can cause harm to health.
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In total, there are seven types of consumer demand .
Each of these types is a field for opportunities and development of your business .
💲 1. Lack of demand - consumers do not want to purchase a product due to a lack of information about the advantages and properties of the product, due to a lack of need for the product and interest in it.
💲2. Latent or hidden demand - there is an implicit need in the target market that cannot be satisfied by the existing set of goods or services.
💲3. Irregular demand - is changeable and inconsistent, has seasonal fluctuations depending on the month, season, day of the week.
💲4. Negative demand - the consumer consciously refuses to buy the product.
💲5. Full demand - supply completely satisfies demand.
💲6. Increased demand - the need for a product significantly exceeds the supply on the market.
💲7. Irrational demand is the demand for goods that can cause harm to health.
Join & Share @Business_Idea4