Several factors can cause demand fluctuations, including:
Seasonality: Many businesses experience seasonal demand changes, such as increased sales during holiday seasons or decreased demand during off-peak periods. Economic Conditions: Economic upturns and downturns significantly affect consumer purchasing power, thereby influencing demand. Competitive Actions: Actions taken by competitors, such as launching a new product or cutting prices, can impact demand for your offerings. Technological Changes: Advances in technology can lead to shifts in consumer preferences and demand patterns. Marketing Efforts: Effective advertising and promotions can temporarily boost demand.