Full Demand

Full demand is a market state wherein consumers are willing to buy all units of a specific product. This is the type of demand that most manufacturers desire. A full demand scenario exists when a manufacturer is aware of the demand for a particular product and addresses that demand appropriately conforming to necessary product quality […]

Read More

Irregular Demand

Irregular demand is the fluctuating demand for a product. These are goods that don’t enjoy popularity throughout the year. The demand phase could be seasonal, monthly, weekly, daily or even hourly in nature. For example, umbrellas see maximum buyers only during monsoon and summer. Companies that cannot adapt to this seasonal demand or cannot cope […]

Read More

Declining Demand

Declining demand refers to a good’s decreasing sales compared to its previous sales numbers. In other words, a product’s declining sales figures are indicative of its declining demand. This decline in demand could be due to the introduction of a new and more innovative competitor offering, or the product deteriorating in quality over time. The […]

Read More

Euro

Euro is the European Union’s (EU) official currency, introduced to make the common European market much more trade-efficient. It was first introduced in 1999 as virtual currency (in bank accounts) – Euro paper notes and coins started circulating three years later in 2002. The countries that have euro as their official currency are collectively referred […]

Read More

Gross Domestic Product (GDP)

Gross domestic product (GDP) is an official financial measure of the total goods and services produced by a country’s citizens within its borders during a particular time period. All sectors or industries are party to GDP: manufacturing, agriculture, construction, energy, government and service sector. Calculated annually and also quarterly at times, GDP helps find out […]

Read More