Zoho Bookings & SalesIQ Alignment

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Demand

Meaning:

Demand refers to how much of a product or service people want to buy at a certain price and time. It shows how much people want something and how much they are ready to
pay for it.


Example:

If many people want to buy ice cream at ₹50 per cone, that shows high demand for ice cream.


How to understand demand:

Demand drives companies to make products that people want. When demand is high, prices can go up; when demand is low, prices can go down.


Importance of demand:

It helps businesses decide what to produce and how 
much to charge.  Strong demand can create more jobs 
as companies grow to meet customer needs.

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