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Business Dictionary :
Demand
Demand
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Demand : noun : asking for payment
Demand : noun : need for goods at a certain price
• There was an active demand for oil shares on the stock market.
• To meet a demand: to supply what is needed
• To fill a demand : to supply what is needed
• The factory had to increase production to meet the extra demand.
• The factory had to cut production when demand slackened.
• The office cleaning company cannot keep up with the demand for its services.
• There is not much demand for this item = not many people want to buy it.
• There is a great demand for this book = many people want to buy it.
• This book is in great demand = many people want to buy it.
Payable on Demand = which must be paid when payment is asked for
Demand Bill = bill of exchange which must be paid when payment is asked for
Demand Deposit (US) = money in a bank account which can be taken out when you want it by writing a cheque
Final Demand = last reminder from a supplier, after which he will sue for payment
Effective Demand = actual demand for a product which can be paid for
Demand Price = price at which a certain quantity of goods will be bought
Supply and Demand = amount of a product which is available and the amount which is wanted by customers
Law of Supply and Demand = general rule that the amount of a product which is available is related to the needs of potential customers
Demand : verb : to ask for something and expect to get it
• She demanded a refund.
• The suppliers are demanding immediate payment of their outstanding invoices.
Demand-Led Inflation : noun : inflation caused by rising demand which cannot be met
QUOTE : Spot prices are no relatively stable in the run-up to the winters peak demand. (Economist)
QUOTE : The demand for the company’s products remained strong throughout the first six months of the year with production and sales showing significant increases. Business Times (Lagos)
QUOTE : Growth in demand is still coming from the private rather than the public sector. (Lloyds List)
