Entity: ABNORMAL-DEMAND
Abnormal-Demand refers to an uncommonly high product demand that exceeds normal parameters set by management policies, often triggered by promotions, price breaks, or substitutions.
ABNORMAL-DEMAND
Etymology
The term 'Abnormal-Demand' combines 'abnormal,' meaning deviating from the norm, with 'demand,' which refers to the desire for a particular product or service.
Definition
Abnormal-Demand is characterized by an unusually high level of product demand that surpasses the standard parameters set by management policies. This surge in demand is often triggered by factors such as promotions, price breaks, or substitutions.
Historical Context
The concept of Abnormal-Demand has been a significant factor in operations, logistics, and supply chain management. Companies have had to adapt to sudden spikes in demand to ensure efficient production and distribution.
Cultural Significance
Abnormal-Demand reflects the dynamic nature of consumer behavior and market trends. It highlights the importance of flexibility and responsiveness in meeting customer needs and maximizing business opportunities.
Related Concepts
- Supply Chain Management
- Demand Forecasting
- Inventory Management
See Also
An unusual surge in product demand that deviates from established norms, typically caused by specific factors such as promotions or price changes.