Answer to Question #266873 in Finance for Jabs

Question

EXPLAIN the impact that market trends may have on the type of products or services that a client requires

Answer 1

Market trends alter the Market in which a company operates. Clients will often require services that is on the market trends more than that which is not, that is why it is important for a company to keep up with the market trends so as to keep up with the competition in the market. A large number of market participants tend to move in the direction of current trends in the market,thus they will tend to order more products or services that are in line with that direction.