Why is knowing product demand so crucial for a firm, Microeconomics

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Why is knowing product demand so crucial for a firm

Discussion:

Why is knowing (or estimating) the product demand so crucial for a firm?

In your response, include an example of a business that has suffered from poorly estimating the demand of its products. Evaluate how or why the business made such a mistake.

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Microeconomics: Why is knowing product demand so crucial for a firm

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