TOZZIBLINKZ
VIP Contributor
It is possibly true that demand totally affects production in a reasonable number of ways, in which we are going to consider later, but first of all it is necessary that we understand that importance the production of goods and services cannot exist if demand is not in the picture. Goods and services are not produced for storage only but instead they need to be sold to customers and clients which is done when there is a demand for it by this respective customers and clients. However, below are some of the practical ways production is affected by demand.
* Price of products: if the demand for a particular products produced by manufacturers and producers is absolutely very low, it can totally mean that the price of these goods and services are definitely very costly or expensive, moreover manufacturers and producers could see the need to impose better and bearable prices on their goods and services.
* Volume of product: when the man of a particular product is absolutely very high it can definitely boost production. In most cases the volume of product demanded by customers and clients could be as a result of the effectivity and the high quality of the products. However, to meet more wants and needs of members of the public, producers and manufacturers need to increase in the volume of your products released in the local marketplaces.
* Availability of substitute: substitute products and services refers to those products or services that have similar and alike products or services. However demand of a particular product or service can definitely help producers and manufacturers of the product to know whether there is a substitute already available in which members of the public are patronizing and neglecting the theirs. However it further helps producers and manufacturers to know which product to produce first hand, which have not been produced before so that they can reach high demands.
* Price of products: if the demand for a particular products produced by manufacturers and producers is absolutely very low, it can totally mean that the price of these goods and services are definitely very costly or expensive, moreover manufacturers and producers could see the need to impose better and bearable prices on their goods and services.
* Volume of product: when the man of a particular product is absolutely very high it can definitely boost production. In most cases the volume of product demanded by customers and clients could be as a result of the effectivity and the high quality of the products. However, to meet more wants and needs of members of the public, producers and manufacturers need to increase in the volume of your products released in the local marketplaces.
* Availability of substitute: substitute products and services refers to those products or services that have similar and alike products or services. However demand of a particular product or service can definitely help producers and manufacturers of the product to know whether there is a substitute already available in which members of the public are patronizing and neglecting the theirs. However it further helps producers and manufacturers to know which product to produce first hand, which have not been produced before so that they can reach high demands.
