Supply and Demand

Supply and Demand
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  • Hello, my name is Alvin and I am one of the many employees of nike. Today I am going to show you how we price our products according to demand.
  • Nike ✔ Supply and Demand (pricing)
  •     Nike ✔ Just Do It!
  • This is the outside of the nike store. This is where our customers will wait to enter the shop.
  • This is the showroom. This is where our customers look around at what the want to purchase.
  • I think I want this shirt..
  • When there is a high demand for items, the price goes up.
  • $50
  • $50
  • However, when there is no demand we will have lots of sales and lower prices.
  • $20
  • 80% off
  • 80% off
  • So as you can see, the success of a business depends on the demand of its customers.
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