Definition of «strong demand»

The term "strong demand" refers to a high level of consumer interest in a product or service, resulting in increased sales and revenue for the company offering it. When there is strong demand for something, people are willing to pay more for it because they perceive its value as being greater than other options available on the market. This can lead to shortages if supply cannot keep up with demand, driving prices even higher due to scarcity. Overall, a strong demand indicates that consumers view the product or service favorably and are willing to invest in it.

Sentences with «strong demand»

  • The strongest markets may be those that are located close enough to the growing core cities to benefit from strong demand for apartments without suffering from competition from new construction. (nreionline.com)
  • While the resources industry goes through large cycles, our resources continue to be in strong demand from the rest of the world. (rba.gov.au)
  • The company was helped by strong demand for its chips that are used by major cloud - computing providers in data centers. (businessinsider.com)
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