5. Expectations of future changes
Posted: Tue Jan 21, 2025 5:48 am
Fashion and trends are important components that influence demand. When a new trend emerges (for example, a healthy lifestyle or digital technologies), the demand for the corresponding products increases sharply. Companies that can react to these changes in time gain a competitive advantage.
Consumer expectations also play an important role in shaping demand. If consumers expect prices to rise in the future, they may start buying in advance, which will lead to increased demand. Conversely, if prices are expected to fall, consumers may postpone purchases.
6. Substitute and complementary goods
Demand for a particular product also depends on the availability of substitutes. For algeria phone number list example, if the price of gasoline increases significantly, demand for electric cars may increase. At the same time, if the price of smartphones increases, this may lead to an increase in demand for accessories such as chargers and cases.
consumer demand
Types of consumer demand
Consumer demand can be of different types depending on the level of satisfaction of needs and the state of the market. Let's consider the main ones.
Consumer expectations also play an important role in shaping demand. If consumers expect prices to rise in the future, they may start buying in advance, which will lead to increased demand. Conversely, if prices are expected to fall, consumers may postpone purchases.
6. Substitute and complementary goods
Demand for a particular product also depends on the availability of substitutes. For algeria phone number list example, if the price of gasoline increases significantly, demand for electric cars may increase. At the same time, if the price of smartphones increases, this may lead to an increase in demand for accessories such as chargers and cases.
consumer demand
Types of consumer demand
Consumer demand can be of different types depending on the level of satisfaction of needs and the state of the market. Let's consider the main ones.