Demand Decision
Demand refers to the willingness to buy a commodity. Demand, here, defines the market size for a commodity i.e. who will buy the commodity. Analysis of the demand is important for a firm as its revenue, profits, income of the employees depend on it.
Read more about this topic: Managerial Economics
Famous quotes containing the words demand and/or decision:
“The pound of flesh which I demand of him
Is dearly bought as mine, and I will have it.”
—William Shakespeare (1564–1616)
“Moral choices do not depend on personal preference and private decision but on right reason and, I would add, divine order.”
—Basil Hume (b. 1923)