INNOVATION AND CREATIVITY
INNOVATION IN ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Full demand.
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Overfull demand.
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Irregular demand.
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Latent demand.
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Unwholesome demand.
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Detailed explanation-1: -This demand generates when there is a limited manufacturing capacity of the company for a product, but the demand for it is more than the manufacturing capacity. It means that demand is more but supply is less.
Detailed explanation-2: -Full demand-Consumers are adequately buying all products put into the marketplace. Overfull demand-More consumers would like to buy the product than can be satisfied.
Detailed explanation-3: -Overfull demand: Suddenly people are likely to buy more products. These create a shortage of supply and an increase in prices. Artificial stock creates demand. For example: at the time of Eid, the price of train and bus tickets increased because of artificial stock created by the sellers.
Detailed explanation-4: -Full demand is the perfect scenario for businesses where their supply is equal to the demand. This means that consumers are buying products or services at the same rate that the product or service is available.
Detailed explanation-5: -Overall demand-Some organizations face a demand level that is higher than they can or want to handle The marketing task called demarketing, requires finding ways to reduce the demand temporarily or permanently .