"Analyse the problems of seasonality in supply and demand and ability to devise strategies to cope with the problem."
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BUSINESS STUDIES H/W 3 Q: "Analyse the problems of seasonality in supply and demand and ability to devise strategies to cope with the problem." Demand is the amount of a product that consumers are willing and able to purchase as any given price. Supply is the ability for firm to provide for these demands of goods for the people. Seasonality means the changes in the season i.e. summer and winter. Some goods are said to be seasonal in that the demand for those goods tend to go up in particular seasons such as the demand for warm clothes during winter and the demand for drinks during summer tend to be high only during these seasons. Demand and supply are linked together because an effect in demand will have a direct effect on the supply and an increase in supply will affect demand, the reason for this is the change it has on...


