Answer:
Supply and demand are creating customers who are educated about their needs and all the available options for meeting those needs.
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Supply and demand are creating customers who are educated about their needs and all the available options for meeting those needs.
By understanding their target demographics' demands, organizations will be able to shape their business models in ways that will boost profitability and sales. Meeting consumer demand will also improve customer satisfaction and retention, which will enable brands to maintain profitability in the long term.
A consumer's wants usually reflect the desired preferences for specific ways of satisfying a need. Thus, people usually want particular products, brands, or services that satisfy their needs in a specific way. A person is thirsty but wants something sweet, so perhaps they choose a Coke.
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