the previous demands of consumers which are totally replaced by much better products ...like bajaj scooters
when consumers are unaware of or interested in the product
Derived demand comes from demand for another product. For example, if coal is in high demand, then there will be derived demand for mining. Another example: A farmer grows crops. In order to grow crops he needs fertilizer. Therefore, the amount of fertilizer he needs to buy, will derive from the amount of crops he needs to grow. Basically, derived demand comes as a result of demand for something else.
the 4 characteristics of business demand are derived demand, fluctuating demand, stimulating demand and finally demand elasticity!
Packaged drinking water. People have begun to prefer tap water as it is more environment friendly
what is potential demand?
when consumers are unaware of or interested in the product
Negative demand nonexistent demand latent demand declining demand Irregular demand full demand overfull demand unwholesome demand
current demand of mobile phone set can be an example of Full demand.
Target consumers may be uninterested in the product. Ex - People have no demand forFarmers may not be interested in new farming methodsCollege students may not be interested in a foreign language course.The marketing task is to find ways to connect the benefits of the products to the person's natural needs and interests.
marketing is a great example of law of demand
The Nonexistent Knight was created in 1959.
Nonexistent - album - was created in 1999.
Unwholesome demand is the desire for something that is not suitable or healthy. An example of unwholesome demand would be alcohol for the person who is an alcoholic.
Example of a Linear Demand Curve
Nonexistent - 2010 was released on: USA: 2011
The water supply in this desert is basically nonexistent.
Derived demand comes from demand for another product. For example, if coal is in high demand, then there will be derived demand for mining. Another example: A farmer grows crops. In order to grow crops he needs fertilizer. Therefore, the amount of fertilizer he needs to buy, will derive from the amount of crops he needs to grow. Basically, derived demand comes as a result of demand for something else.