Factors That Change The Demand For The Product Produced By Gnc ( General Nutrition Center )

930 WordsSep 11, 20154 Pages
“Supply chains cannot tolerate even 24 hours of disruption. So if you lose your place in the supply chain because of wild behavior you could lose a lot. It would be like pouring cement down one of your oil wells” (Friedman, T. n.d.). The introductory quotation from American Journalist Thomas Friedman establishes the purpose of this essay. This essay will briefly exhibit two factors that would change the demand for the product produced by GNC (General Nutrition Center); as elaborated upon in the last Session Long Project (SLP) this is the franchise I’ve selected for study during the duration of this session. Next, will be a short overview of activities that would affect changes in supply. After that, how could quantity demanded by changed? Finally, the type of demand the GNC product promulgates whether it is elastic or inelastic. First, let us dive into the two factors would change the demand for the GNC product. Change in demand: Kimberly Amadeo from about.com confirms for us that, “In economics, there are five determinants for individual demand” (Amadeo, K. n.d.). As demonstrated in our module reference materials these determinants are labeled as: income, price of related goods, population, tastes, and consumer price expectations. For the purpose of this essay, in brief I will elaborate upon tastes and income. As, I surmise these are two major factors that could effect change in the demand of the GNC product, let’s first content with the factor of tastes. “It 's

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