Demands Definition and Explanation PDF Download
Learn Demands definition in marketing with explanation to study “What are Demands”. Study demands explanation with marketing terms to review marketing course for online MBA programs.
Demands Definition:
Human wants that are backed by buying power.
Principles of Marketing by Philip T. Kotler, Gary Armstrong
Demands Explanation:
Demand refers to the quantity or availability of goods and services that customers are willing to purchase, and companies are willing to produce in a given time frame. The difference between wants and demand is defined as desire of the customer. Therefore, demand of the customer will be fulfilled when he satisfy his need from the market.
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