Question
When demand is more than the supply, it is known as
_______ demand.Solution
1) Negative Demand Negative demand occurs when a product is disliked by all its target customers in general. 2) Unwholesome Demand in unwholesome demand consumer badly wants the product but shouldn’t desire or take the decision to buy it. 3) Non-Existing Demand In non-existing demand also known as no demand, a marketer thinks that there is a demand for the product in the market but in reality, there is no demand for the product. 4) Latent Demand It is a consumer want that is unable to be satisfied. It can also be termed as the demand for which the product is not available or is not developed till now. 5) Declining Demand When a product demand starts declining with time, it is known as declining demand. 6) Irregular Demand When demand for a particular product is seasonal or time-based, it results in irregular demand. Such demands see both the extremes, the demand is either too high or too low. 7) Full Demand It is the best type of demand for any company as the company sees boon with this type of demand. It is the ideal situation, where supply=demand. It is also known as full market coverage. 8) Overfull Demand This demand is generated when there is a limited manufacturing/servicing capacity of the company for a product/service, but the demand for it is more than the capacity. It means that demand is more but supply is less.
In which decision-making technique do experts provide their opinions anonymously to avoid bias, and a consensus is reached after several rounds?
How does a cost-benefit analysis contribute to selecting the best solution?
Decision Matrix is a type of __________ technique of decision making.
A company is deciding on whether to buyout its competitor or not. One group is analysing all the pros of buying out while another group is listing down ...
For decision making to exist, there needs to be at least ______ alternative(s) available.
In a democratic decision-making style, the decision is based on inputs from _____
What type of bias relies too heavily on one piece of information in making a final decision?
______ is a decision-making process in which an individual makes a choice that is satisfactory rather than optimal.
Which technique of decision-making involves generating multiple ideas in a group setting without criticism?
__________ emerges when decision makers have limits on their ability to assimilate large amounts of information.