Podcast
Questions and Answers
What is the first step in the study of demand?
What is the first step in the study of demand?
- Gathering information on total past demands
- Identifying the consumers (correct)
- Evaluating future demand projections
- Forecasting future demands
Which characteristic is NOT considered in market segmentation?
Which characteristic is NOT considered in market segmentation?
- Age
- Place of manufacture (correct)
- Income classification
- Use of the product or services
What is a primary question addressed by the processes in the study of demand?
What is a primary question addressed by the processes in the study of demand?
- Who are the suppliers?
- How is the product produced?
- Is there a demand? (correct)
- What are the market prices?
Which step involves analyzing historical data to make future predictions?
Which step involves analyzing historical data to make future predictions?
What tool is effective in identifying the right consumers or users of a product?
What tool is effective in identifying the right consumers or users of a product?
What is the main focus of the study mentioned?
What is the main focus of the study mentioned?
Which age bracket has the largest population according to the data provided?
Which age bracket has the largest population according to the data provided?
What method is suggested for gathering total demand information?
What method is suggested for gathering total demand information?
Which of the following is NOT identified as a source of demand data?
Which of the following is NOT identified as a source of demand data?
What constitutes the total past demand for poultry eggs?
What constitutes the total past demand for poultry eggs?
How is the total past demand adjusted to avoid duplication of data?
How is the total past demand adjusted to avoid duplication of data?
How does the document classify the phase of gathering total demand information?
How does the document classify the phase of gathering total demand information?
What question is NOT listed as part of the inquiries for studying demand?
What question is NOT listed as part of the inquiries for studying demand?
Using hypothetical data, what was the total past demand for poultry eggs calculated in Davao in 2014?
Using hypothetical data, what was the total past demand for poultry eggs calculated in Davao in 2014?
What does the document suggest about the process of gathering demand data?
What does the document suggest about the process of gathering demand data?
If all poultry eggs produced in Davao were sold only in Davao, what was the past demand calculation?
If all poultry eggs produced in Davao were sold only in Davao, what was the past demand calculation?
What role does the proponent of the study have in determining total demand?
What role does the proponent of the study have in determining total demand?
Which age bracket has the smallest population according to the data provided?
Which age bracket has the smallest population according to the data provided?
What is one factor that does NOT contribute to total past demand?
What is one factor that does NOT contribute to total past demand?
Why is it important to accurately determine past demand?
Why is it important to accurately determine past demand?
What does the total past demand for poultry eggs NOT include when avoiding duplication?
What does the total past demand for poultry eggs NOT include when avoiding duplication?
What is the first step in conducting a demand study?
What is the first step in conducting a demand study?
How should the study of supply approach the identification of competitors?
How should the study of supply approach the identification of competitors?
What is the last step when conducting a demand study?
What is the last step when conducting a demand study?
Which of the following processes is NOT mentioned in the study of supply?
Which of the following processes is NOT mentioned in the study of supply?
What type of data should be gathered after collecting information about competitors?
What type of data should be gathered after collecting information about competitors?
What should be included when gathering information about competitors?
What should be included when gathering information about competitors?
What fundamental question does the study of supply aim to answer?
What fundamental question does the study of supply aim to answer?
Which of the following is a key question to be addressed when studying competitors?
Which of the following is a key question to be addressed when studying competitors?
What type of data should be excluded when gathering consumption data for supply studies?
What type of data should be excluded when gathering consumption data for supply studies?
Which of the following agencies is NOT listed as a source for gathering supply data?
Which of the following agencies is NOT listed as a source for gathering supply data?
In evaluating historical supply growth, which question is NOT included in the guide questions?
In evaluating historical supply growth, which question is NOT included in the guide questions?
What is the first step in conducting a study of supply?
What is the first step in conducting a study of supply?
Which of the following statements is TRUE regarding forecasting future supply?
Which of the following statements is TRUE regarding forecasting future supply?
Which question would NOT be relevant in evaluating the result of future forecasts?
Which question would NOT be relevant in evaluating the result of future forecasts?
What is a possible consequence of the non-availability of supply data?
What is a possible consequence of the non-availability of supply data?
What is the primary purpose of demand-supply analysis in market study?
What is the primary purpose of demand-supply analysis in market study?
Study Notes
Past Demand
- Past demand is calculated by adding local production, total consumption, and imported units.
- The study of demand seeks to identify consumers, gather information on total past demands, evaluate past demand patterns, forecast future demands, and evaluate future demand projections.
- Duplication of data can occur if local production is entirely sold locally.
Future Demand
- Future demand refers to the projected demand for a product, including local consumption, production, and imports.
- The study of supply aims to determine if existing suppliers for the proposed product or service exist.
Market Segmentation
- Market segmentation helps identify target consumers or users by classifying them based on characteristics such as type of consumer, income classification, use of the product or service, location, and age.
Gathering Demand Data
- Data on total demand can be obtained from manufacturers, retailers, trade associations, government agencies (NSO, BOC, BSP, DOF, DTI, NEDA), universities, local government units, and potential users of the product.
Study of Supply
- The study of supply seeks to identify suppliers, including direct and indirect competitors, and their influence on consumer behavior.
- It involves gathering information on historical supply, analyzing supply growth patterns, forecasting future supply, and evaluating the projected future supply.
Demand-Supply Analysis
- This analysis involves comparing demand and supply to determine if there is a sufficient demand for the proposed product or service.
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Description
This quiz explores the concepts of past and future demand, focusing on calculations and projections related to local production and consumption. It also covers market segmentation techniques for identifying target consumers. Understanding these elements is crucial for effective market analysis and demand forecasting.
