Carpon
Valued Contributor
A business' most basic activities are supplying and demanding. They demand from producers and wholesalers while they supply to users and customers. There are some things about business demand and supply that business persons should know in order to help them keep their business alive.
1. The rate of demand should determine your supply: you must be careful to note the level at which every good and commodity is being purchased. The higher the rate of purchase, the more the amount you'll supply. The opposite will happen for less patronized goods. Supply them in lesser quantity depending on the level of its need by customers.
2. Your supply sometimes affects demand: there are conditions when the public that is your customers are not in need or demanding for a particular product but because you have supplied it, they go ahead and purchase it. Sometimes as a substitute for a similar product other times not as a substitute
1. The rate of demand should determine your supply: you must be careful to note the level at which every good and commodity is being purchased. The higher the rate of purchase, the more the amount you'll supply. The opposite will happen for less patronized goods. Supply them in lesser quantity depending on the level of its need by customers.
2. Your supply sometimes affects demand: there are conditions when the public that is your customers are not in need or demanding for a particular product but because you have supplied it, they go ahead and purchase it. Sometimes as a substitute for a similar product other times not as a substitute