Engaging customer particular product or service based on product or service quality price quantity. Based on experience product or service behaviour consumer interest create.
Demand means in economics is that consumer's desire and ability to purchase a good or service. It's the underlying force that drives economic growth and expansion. Without demand, no business would ever bother producing anything.
Demand refers to the willingness and ability of consumers to purchase a given quantity of a good or service at a given point in time or over a period in time.
In economics, demand is formally defined as ‘effective’ demand meaning that it is a consumer want or a need supported by an ability to pay – namely a budget derived from disposable income. Income provides individuals with a purchasing power which they excercise in a market through effective demand. So it is clear that what is demand which is help to create organizations to design process related with product or service to hold market share. Law of demand shows once consumer satisfaction negative then is hard task organisation to maintain market share in that time.
If we're go through this diagram showing the relationship between consumer satisfaction when over then organisation hard to control maintain market share of particular service or product.
Role of professional Ideal is in this process . Professional Ideal means public figure who have remarkable works which is influenced other to fellow his or her words.
Here comes importance of ethics & ethical management. This ethical values & standards are important feature to organisation to maintain market share.
Some point must remember when organizations fellow this professional Ideal is help when market situation negative.
So role of Ethical Management system integration with business demand ethics
Help organisations restore their position in market.
