8 Demand States

  1. Negative Demand: Consumers dislike the product & may pay a price to avoid it.
  2. Non-existent Demand: Consumers are unaware or uninterested in the product.
  3. Latent Demand: Consumers share a strong need that cannot be satisfied by an existing product.
  4. Declining Demand: Consumers begin to buy the product less frequently.
  5. Irregular Demand: Consumer purchases vary on a seasonal, monthly, weekly, daily or even hourly basis.
  6. Full Demand: Consumers are adequately buying all products put in the market place.
  7. Overfull Demand: More consumers would like to buy the product that can be satisfied.
  8. Unwholesome demand: Consumers may be attracted to products that have undesirable social consequences.

Marketers use the term market to cover various groupings of customers.

Marketers use the term market to cover various groupings of customers.

Marketers use the term market to cover various groupings of customers.