Case Interview Preparation & Management Consulting | Strategy | Critical Thinking cover image

559: How to use scarcity to drive sales (with Dr. Mindy Weinstein)

Case Interview Preparation & Management Consulting | Strategy | Critical Thinking

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What Is Demand Related Scarcity?

Minti: I'll just do a really brief definition of each of them and then get into more detail on the demand one. But you know, time related, that's any type of time restriction. And we see that a lot, especially with more like luxury goods and things like that. There's only so many produced limited edition is actually part of supply related scarcity. So what happens when it comes to demand related scarcity? In our minds, it's demand, high demand equals value. Makes sense.

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