Derived Demand Can Be Defined as Demand That Is Not

question 44

True/False

Derived demand can be defined as demand that is not dependent on another source.

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Definitions:

Nonprogrammed Decisions

Decision-making that occurs in response to unusual, unpredictable, and unique problems or opportunities where there are no previously established decision rules.

Programmed Decisions

Simply implement solutions that have already been determined by past experience as appropriate for the problem at hand.

Routine Problems

Common or regularly occurring issues that require standard methods or strategies for their resolution.

Standard Solutions

Typical or commonly used methods or procedures devised to address a problem or challenge.