2006-07-24 19:27:34 · 6 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Demand driven - The products, quality of products, prices etc are as DEMANDED by the customers
Supply driven - Type of products, quality, prices etc. are determined by teh SUPPLIER. Ususally in economies where there is not much choice or where there is a shortage.
2006-07-24 19:43:37 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Supply Driven
2016-12-10 15:29:21 · answer #2 · answered by ? 4 · 0⤊ 1⤋
Demand driven --means as the demand for a commodity or a type of service is more ,cost or price is more..Supply driven ---means as the supply of goods and services is good and prices ,cost fall.
2006-07-24 19:58:18 · answer #3 · answered by J.SWAMY I ఇ జ స్వామి 7 · 0⤊ 0⤋
demand driven- this is what the customer wants. Supply driven- you get a big shipment at a cheap price and sell cheap.
2006-07-24 19:32:19 · answer #4 · answered by Goblue 3 · 0⤊ 0⤋
In economic theory, a demand-driven market is one that has elasticity of demand greater than elasticity of supply, and a supply-driven market is one that has elasticity of supply greater than elasticity of demand. Prices in a demand-driven markets respond mainly to changes in demand, in a sullpy-driven market, mainly to changes in supply.
In business, a demand-driven market is one where consumers are picky and choosy and producers have to please them at all costs. A supply-driven market is one where consumers largely take whatever (and as much as) they are offered and don't ask too many questions.
2006-07-25 04:57:24 · answer #5 · answered by NC 7 · 2⤊ 0⤋
demand driven means caused or activated by changes in demand, for example prices can be a demand driven factor.
the same applies to supply driven.
2006-07-24 19:52:38 · answer #6 · answered by RosyNut 1 · 0⤊ 0⤋