Answer to Question #147504 in Marketing for Zayn Syed

Question

How is the buying behavior in business markets impacted by different types of demand?

Answer 1

Since demand is the amount of product a customer is willing and able to buy, customers buy less when prices are high and more when prices are low. Organizational demand is where consumers buy more of products from one company. Market demand on the other hand is the aggregate of individual demands of all the consumers of a product over a period of time at a specific price, while other factors are constant.