latent demand
Frequency: 4.50.8 per million words
refers to the desire for a product that a consumer cannot satisfy because they are unable to afford it or are unaware of its existence.
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Examples (10)
- There is significant latent demand for affordable housing in the city.
- The company is trying to tap into the latent demand for electric vehicles.
- Economic growth can convert latent demand into actual sales.
- Marketing strategies often aim to uncover and stimulate latent demand.
- High prices can suppress latent demand for luxury goods.
- The research revealed a substantial latent demand for better public transport.
- New technologies often create new latent demand that didn't exist before.
- If the product were cheaper, the latent demand would certainly materialize.
- Businesses must understand the latent demand in their target markets.
- Identifying latent demand is crucial for product development.