Influences for Supply and Demand

Businesses work on a complex demand and supply based method of producing products and services. Supply is the quantity of a good or service that a producer is offering to supply into the market Demand is the quantity that the customers are willing to buy at a given price over a given period of time External factors, such as income or environmental or ethical change may mean that a product is no longer viable, smoking for example is no longer as profitable as it was as people no longer smoke as much as they used to. Influences may be out… Continue reading Influences for Supply and Demand