demand-fluctuations

Vocabulary Word

Definition

The term 'demand fluctuations' refers to the changes in the level of demand for a product or service over time. This can be either an increase or decrease in demand.

Examples in Different Contexts

In retail, 'demand-fluctuations' affect sales and stocking strategies. A retail manager might state, 'Anticipating demand-fluctuations allows us to optimize our stock levels and promotional activities, avoiding overstock or stockouts.'

Practice Scenarios

Economics

Scenario:

The economy seems to be under significant stress currently. Let's pay attention to how this could impact the purchasing power of consumers.

Response:

Any considerable demand fluctuations in the market could indicate major changes in the economy.

Business

Scenario:

Our sales performance seems to be a roller coaster ride this year. Should we revisit our pricing strategy or maybe focus on expanding our customer base?

Response:

We need to study the recent demand fluctuations closely and adjust our production strategy accordingly.