So now you have come up with the supply of autorickshaws. Now tell me what is the actual demand of these autorickshaws and see if the number is matching with supply or not. Had it been a different product, what would be your approach?

Question

Accepted Answer

To determine if supply of autorickshaws matches demand, we need to conduct market research and analyze data. Approach for a different product would depend on the nature of the product.

Conduct market research to determine the demand for autorickshaws
Analyze data to compare demand with supply
If demand is higher than supply, increase production or import more autorickshaws
If demand is lower than supply, decrease production or find new markets to sell autorickshaws
Approach for a different product would depend on the nature of the product. For example, for a new technology product, we may conduct surveys and focus groups to gauge interest and potential demand.

Accepted Answer

To determine if supply of autorickshaw approach for the different product would depend on the nature of the product. For example,for a new technology product , we may conduct surveys and focus groups to gauge interest and potential demand.

So now you have come up with the supply of autorickshaws. Now tell me what is the actual demand of these autorickshaws and see if the number is matching with supply or not. Had it been a different product, what would be your approach?

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