Dependent Demand Relates to

question 25

Multiple Choice

Dependent demand relates to

• A) the amount of goods requested.
• B) the spare parts needed to fill the order.
• C) VMI inventories.
• D) the cost of capital for the firm.

---

Definitions:

Total Revenue

Total revenue is the total amount of money received by a company for goods sold or services provided during a certain period.

Foreign Producers

Companies or individuals that produce goods or services in a country other than where the products are consumed.

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specified time.

Tariff

A tax imposed on imported goods and services to raise their price, thereby protecting domestic industries from foreign competition.