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Market Demand Definition and Explanation PDF Download

Learn Market Demand definition in marketing with explanation to study “What is Market Demand”. Study market demand explanation with marketing terms to review marketing course for online MBA programs.

Market Demand Definition:

  • Total volume of a product that would be bought by a defined customer group in a defined geographical area in a defined time period in a defined marketing environment under a defined marketing program.

    Principles of Marketing by Philip T. Kotler, Gary Armstrong

Market Demand Explanation:

Market request is the entirety of the individual interest for an item from purchasers in the market. On the off chance that more purchasers enter the market and they can pay for things at a bargain, at that point market request at each value level will rise. In principle, the degree of market request at a scope of costs can be demonstrated graphically as an interest bend.

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