Write three sentences to explain what you understand by trends and demand

1 answer

Trends refer to the general direction in which something is developing or changing, often reflecting the preferences and behaviors of consumers over time. Demand represents the quantity of a product or service that consumers are willing and able to purchase at various price points, influenced by factors like trends, income levels, and consumer confidence. Together, trends and demand provide crucial insights for businesses to anticipate market shifts and adjust their strategies accordingly.