Differentiate between Industry demand and Company demand???
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Industry demand has reference to the total demand for the products of a particular industry, e.g.the demand for textiles.
Company demand has reference to the demand for the product of a particular company which isa part of that industry, e.g., the demand for textiles produced by the XYZ.
The company demand may be expressed as a percentage of industry demand. The percentage so calculated wouldindicate the market share of the company.
monopoly is that market category in which there isonly a single seller and therefore there is no difference between a firm and an industry.The firm is itself an industry and therefore the demand cur!e of the indi!idual firm as well as theindustry demand cur!e under monopoly will be the same and as we shall see later is downwardsloping.The demand cur!e for an indi!idual firm is hori"ontal# this is because consumers cannotdifferentiate between firms, thus firms are price takers.The demand cur!e for the industry is a normal downward sloping cur!e unless it%s a specificmarket with a different demand# &eblen goods, etc.'
Hope it helps you
Industry demand has reference to the total demand for the products of a particular industry, e.g.the demand for textiles.
Company demand has reference to the demand for the product of a particular company which isa part of that industry, e.g., the demand for textiles produced by the XYZ.
The company demand may be expressed as a percentage of industry demand. The percentage so calculated wouldindicate the market share of the company.
monopoly is that market category in which there isonly a single seller and therefore there is no difference between a firm and an industry.The firm is itself an industry and therefore the demand cur!e of the indi!idual firm as well as theindustry demand cur!e under monopoly will be the same and as we shall see later is downwardsloping.The demand cur!e for an indi!idual firm is hori"ontal# this is because consumers cannotdifferentiate between firms, thus firms are price takers.The demand cur!e for the industry is a normal downward sloping cur!e unless it%s a specificmarket with a different demand# &eblen goods, etc.'
Hope it helps you
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Answer:
- Company demand is the demand for products at a specific price from a single entity over time.
- The total aggregate demand for products in an industry is referred to as industry demand.
- In order to calculate market share, company demand is frequently expressed as a percentage of industry demand.
- For example, Pepsi product demand is the company demand, but it only accounts for a small portion of total beverage industry demand.
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