Demand

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Demand It is very essential to know the demand of our products in order to answer our customer needs and wants. Knowing the demand will help us to determine the trend for our products. Analyzing the demand thoroughly will give the projection of the total number of quantity of each product that we are going to produce daily, weekly, monthly and annually. Philippine Gross National Product Based on tradingeconomics.com with cooperation with the Philippine National Statistical Coordination Board, Gross National Product in Philippines increased to 2218895 PHP Million in the first

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Transcript of Demand

Demand It is very essential to know the demand of our products in order to answer ourcustomer needs andwants. Knowing the demand will help us to determine the trend for our products. Analyzing the demand thoroughly will give theprojection of the totalnumber of quantityof eachproduct that wearegoingtoproducedaily, weekly,monthly and annually.Philippine Gross National Productasedontradingeconomics.comwithcooperationwiththe!hilippine"ational #tatistical $oordinationoard,%ross "ational !roduct in !hilippines increased to &&'(()* !+! ,illion in the first quarter of &-'* from&&'.(*-!+!,illioninthefourthquarterof&-'.. %ross"ational !roduct in!hilippinesaveraged'.*-./(./- !+! ,illion from '))( until &-'*, reaching an all time high of &&'(()* !+! ,illion in thefirst quarter of &-'* and a record low of )../&- !+! ,illion in the second quarter of '))(.#ince the!hilippine %ross 0omestic !roduct is increasing and e1pected to increase /-).// illion 2# 0ollars in&-'3, it is good for us to enter into business.Demand for Foreign Market4he world potato sector is undergoing major changes. 2ntil the early '))-s, most potatoes were grownand consumed in 5urope, "orth America and countries of the former #oviet 2nion. #ince then, there hasbeenadramaticincreaseinpotatoproductionanddemandin Asia,Africaand6atin America, whereoutput rose from less than /- million tones in the early ')3-s to more than '3* million tonnes in &--7.8A9 data show that in &--*, for the first time, the developing world:s potato production e1ceeded that ofthedevelopedworld. $hinaisnowthebiggest potatoproducer,andalmost athirdofall potatoesisharvestedin$hinaandIndia. !hilippinesincludedasadevelopingcountryshowsthat productionofpotato is increasing also. Asia consumes almost half of the world:s potato supply, but its huge population means that consumptionper person was a modest &. kg in &--*. 4he heartiest potato eaters are 5uropeans. !er capita consumptionis lowest, but increasing, in Africa and 6atin America.Demand for Domestic Market.