Asked by
putri tersiani
on Dec 13, 2024
Verified
Derived demand means the demand for industrial products and services is driven by, or derived from, the
A) NAICS statistical models.
B) gross national product.
C) demand for consumer products and services.
D) demand for industrial products in other categories or markets.
E) demand for government products and services.
Derived Demand
Demand for a good or service that occurs as a result of the demand for another good or service.
Consumer Products
Products purchased by the ultimate consumer.
Industrial Services
Services offered to businesses operating within industrial sectors, focusing on supporting production, efficiency, and operational needs.
- Learn about the theory of derived demand and the role consumer demand plays in determining the demand for industrial goods and services.
Verified Answer
AC
Learning Objectives
- Learn about the theory of derived demand and the role consumer demand plays in determining the demand for industrial goods and services.