Question

write 2 paragraphs about demands and supply and stakeholders of the business idea " free study application

Answer 1

For any business idea it is very important to have the adequate demand for sustain the business. If there is not enough demand then the return on invenstment of the business will be very low and they will run out of money eventually. To understand the demand there are several methods like market research which gives idea about the market segment and target market for your business idea. So that will help to estimate the demand of the business idea

Now for any business it is very necessary to have enough supply available in the market. Take example of any business like coffee shop. To run this business you need constant supply of the raw coffee which will be used as raw material. Plus other consumables supply is very necessary for any business to sustain. If government policy does not support the perticular product which is used in the business critically then for that business survival is very difficult. SO supply is very important for any business idea.

Every business deals with various stake holders like customers, vendors, 3rd party inspection company, government, competetiors and many more. For successful business it is absolutely necessary to manage all the stakeholders in an effective way