DEMAND

Demand for the Organization's Products and/or Services

Demand for the Organization's Products and/or Services

Introduction

For an organization, demand for the products and services are important to study. Demand and supply are said to be in equilibrium when producers do not have an incentive to change their supply, and consumers do not have any incentive to move their demand schedules. However, upward movements in demand could lead to a relatively shortened supply and creates a tendency of upward price movements (Sloman, John & Sutcliff 43). Therefore, price would move to a level where producers, in short term, are able to meet the risen ...