Small changes in consumer demand can lead to considerable shifts in business product demand and it is referred to as the ____________.

Question

Quizplus · Accepted Answer

The acceleration effect refers to the phenomenon where small changes in consumer demand can lead to significant shifts in business product demand, often resulting in increased production and sales. This effect is particularly relevant in industries where demand for products is heavily influenced by consumer tastes and preferences, such as fashion, electronics, and food.

Small Changes in Consumer Demand Can Lead to Considerable Shifts