Which of the Following Is True About Derived Demand

question 18

Multiple Choice

Which of the following is true about derived demand?

• A)It is actual customer demand
• B)It only exists on paper
• C)It helps in reducing inventories
• D)It takes actual customer demand into consideration

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Definitions:

Environmental Constraints

Limitations or restrictions on actions or operations imposed by the external environment, including legal, economic, technological, and social factors.

Divide Labour

The process of breaking down work into distinct tasks that are distributed among different workers or groups, aiming to increase efficiency and productivity.

Coordinate Labour

The organization and alignment of worker efforts and tasks to ensure efficient and effective achievement of collective goals.

Achieve Goals

The process of setting targets and successfully reaching them through planning and effort.