Business terms and jargon explained. Your business dictionary
What is Demand
Is the ability and willingness to pay a particular price for a particular good or service.
e.g if a can of coke sells for 50p them the demand is 1000 units per hour. That is to say 1000 people will buy a can at that price within an hour.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.