Demand and suppy SLP Essay Example | Topics and Well Written Essays - 500 words

Demand and suppy SLP - Essay ExamplePrice It is considered to be one of the imperative factors which may change the demand of a particular product or service. It can be affirmed that an sum up in the price of the products may often lead the customers to purchase substitute products resulting in creating variation in demand at large.Supply The availability of a product also has a direct find on the demand of the products. It is often viewed that low supply or higher supply in products to the foodstuff may lead in change in demand. Therefore, supply should be made on the flat coat of the requirement.Competitiveness It is considered to be the other factor that may lead to alteration in demand of the goods and operate by a certain degree. With the increasing competition in the line market, demand of the goods or the service can be viewed to be changed substantially (Stonebraker, 2013).With the growing competition in the business market, it can be viewed that several organizations are coming up with inventing new products that prove to be more advanced and user friendly as compared to others. For example, Samsung, an international producer of electronic products is currently giving tough competition to apple through offering quality products similar to Apple (Sherr & Lessin, 2013).In order to determine about how the business market changed for Apples particular good or service in the preceding fewer years, it can be affirmed that the development of pioneering technologies has not only resulted in advancing the existing industry, merely also provided greater opportunities to new and upcoming industries. It can be apparently observed that Apple has self-aggrandizing into one of the major manufacturers of mobile devices in recent times. The adoption as well as the battle of pioneering technologies in manufacturing new products eventually helped Apple to