Hello Y10 I hope you had a fab Winter Break! Today's blogging Sunday is all about something called seasonal demand.
Demand is defined on Tutor2U as follows:
"Demand is the quantity of a good or service that consumers are willing and able to buy at a given price in a given time period."
Below you will see a bunch of photos of some of the presents I bought for my Nieces and Nephews for Christmas. Not everyone in our class will celebrate Christmas but some may have Eid or Diwali and so on where gifts or money are exchanged.
The point is at certain points during the year there are times when the demand for certain goods or services are higher. This is known as a demand fluctuation or simply where the numbers of people willing and able to buy something change.
The winter season in the UK is an excellent example of where we might see demand for certain products go up. Today your task is the following"
Task 1
Find a definition on this website for seasonal demand
Task 2
List some of the gifts you may have received over the winter break or at other important times in the year. Why were they given at this time of year?
Task 3
Explain why demand changes depending on culture, customers or even the weather.
Task 4
Give some examples of other products or services which will change depending upon the time of year.
