Is a type of demand where consumers may be attracted to products that have undesirable social consequences.
Answers
Following are the various types of demand explained with example such as:
Negative Demand:
This a type of demand which will be created when the product is disliked in general. Though the product is beneficial, the customer won't need it. For example: In dental work, where people don't want problems with their teeth may use preventive measures to avoid the same. In this, through the dental clinics are available, people are not willing to go to dental clinic, though it will help them to solve their problem.
Unwholesome demand:
This demand is the other side of negative demand. Here, though the customer needs the product badly, they should not prefer to those products. For example, alcohol cigarettes, pirated movies, guns.
No Demand:
There are certain products which are facing no demand. This demand can be explained in a simple way trough education courses. Yes, though there has been so many education courses are available, only very few courses are demanded by the students and whereas still there are some courses which are not demanded by any body.
Latent Demand:
This is the demand, as per the name suggests that the customer realizes about the demand later. This can be explained in an easy way by comparing normal phones with smart phones. People now-a-days wants more and more features in smart phones. They may initially settle for a normal phone and later they may itch to buy a smart phone.
Declining Demand:
This is a type of demand when the demand for the product has been got declining. For example, when CD players and Ipod where introduced, the demand for walkman has been went down.
Irregular Demand:
This is a demand which will not be consistent. The best example for these type of demands will be umbrellas, air conditioners, rain coats and resorts.
Full Demand:
In an ideal environment company should always have full demand. Full demand means, that the demand is meeting with the supply potential of the company.
Overfull Demands:
Overfull demand happens when company's manufacturing capacity is limited but the demand is more than supply. This can be observed in cement industry occasionally
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