FOUR factors that influence the demand for Debbies designer dresses-
1. Price of Product
The single-most impactful issue on a product’s demand is the rate. In general, there may be a clear connection between the price of a great and the demand. higher prices create lower demand and decrease prices create higher demand. this is because of the satisfaction levels of clients. If they can’t afford your good, there won’t be a lot demand for it.
2.Tastes and Preferences
Consumer tastes and alternatives have a right away impact on the call for for a client properly. alas, choices can change inside a market for a wide array of motives, some of these reasons may be intrinsic, even as others are external, that is mainly genuine in the CPG industry, wherein consumer’s expect extra from their brands.
3. Consumer’s Income
As a rule, the more money consumers have, the more they like to spend it and buy more. Not only do wealthier groups shop more frequently, but they tend to prefer high-quality, pricier products. During a recession, consumers will spend less than they do in a boom.
4. Availability of substitutes
No matter what you sell, there will usually be opposition. you need to take note of your competition, as they could eat into your marketplace percentage in case you’re now not careful. while talking about the availability of substitutes, the factors that influence.
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