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Thursday, July 31, 2014

Demand

"I am like any other man. All I do is supply a demand" Al Capone

If anyone wants something their is a demand for the product or service. Al Capone said it best in terms of business when he is giving people what they are requesting. Sure he may not be the greatest example but in reality this is as simple as it gets. Demand will thrive in any economy and allow the organizations to bring in extra revenue to satisfy the cost of manufacturing the product or the hours invested with the clientele.

If the price of the goods are set appropriate then more will purchase. The cheaper items will sell quicker, but many factors will be in motion as well such as a cheaper material and not as good of a product most of the time. Some companies utilize marketing strategies in which they only create a limited amount of supplies, this in turn makes the demand much more since human nature does not want to be left out of a great product. They can price the item ridiculously high and earn sky high profits for the same item while the demand will continue to be there.


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