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To influence demand, businesses can implement the following strategies:

  1. Pricing Strategies: Adjusting prices through discounts or promotions can attract more customers and stimulate demand.
  2. Marketing and Advertising: Utilizing targeted marketing campaigns across various channels helps raise awareness and create interest in products or services.
  3. Product Differentiation: Highlighting unique features or benefits can make a product stand out in the marketplace, appealing to specific customer needs.
  4. Customer Engagement: Building strong relationships through loyalty programs or personalized communication encourages repeat purchases and fosters brand loyalty.
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3w ago

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