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 controlling factors which may depart the requirement of a particular product or service. It can be affirmed that an increase in the price of the products may much lead the customers to purchase substitute products resulting in creating variation in demand at large.Supply The availability of a product also has a manoeuver influence on the demand of the products. It is often viewed that low supply or higher supply in products to the market may lead in change in demand. Therefore, supply should be made on the basis of the requirement.Competitiveness It is considered to be the other factor that may lead to alteration in demand of the goods and services by a certain degree. With the increasing competition in the business market, demand of the goods or the services can be viewed to be changed well (Stonebraker, 2013).With the growing competition in the business market, it can be viewed that several organizatio ns are coming up with inventing new products that prove to be more mod 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 confusable to Apple (Sherr & Lessin, 2013).In order to determine about how the business market changed for Apples particular good or service in the introductory few years, it can be affirmed that the development of pioneering technologies has not only resulted in advancing the existing industry, but also provided greater opportunities to new and approaching industries. It can be apparently observed that Apple has grown into one of the major manufacturers of mobile devices in recent times. The adoption as well as the employment of pioneering technologies in manufacturing new products eventually helped Apple to