Other economists say that's bull. Advertising just tries to get the consumer's attention so that they know a product or service is available. This isn't creating demand, it's tapping into latent demand.
In practical business, I think the latter position seems much more realistic. If you try to "create demand" you're likely to fail. An entrepreneur should try to identify market segments that are un- or under-served.
Here are more opinions and answers from other FAQ Farmers:
Supply is determined by the manufacturers, suppliers, those who create products or services.. demand is created by those who use the products or services...
Providing supply of products, or services to demand.
When demand for goods go up if it is expected to rise. the higher the population the higher the demand for the products or services
Its Simple! When Businesses Will Create Demand, Consumers Will purchase their Goods Or Services; In Result, Their Will Increase Their Sales & Profit.
retailing is selling the products and services from one particular point and marketing is creating the demand for the products and services and then selling them in the market.
Every sales if merely depend on the concept of demand and supply. And if there's no demand for the products or services that you are selling, you have to create one! Create a demand in the market, that's talent! That's Sales! then you can sell anything and everything whether it's a pen or a branded shirt! Learn such key sales and marketing tips through online sales training courses.
The marketer should creatively create a demand for it's products via media sources using PR and advertising.
There are many different services that are provided by Charter on Demand. Some of the services by Charter on Demand include TV services, Internet services and Phone services.
Yes. In most firms, operations represent the core of the business. This is where its products and services are created for delivery to customers.
Figuring out about the market opportunities, your competitors products/services, the needs of your demand, etc.
Producers create jobs and products for consumer use. Consumers use products or services provided by producers.
supply does not create the demand . supply is maintain the past demand.