Ultimately, Most Demand Is Derived from Consumer Demand, the Exception

question 152

Multiple Choice

Ultimately, most demand is derived from consumer demand, the exception being demand derived from:

• A)original equipment manufacturers.
• B)resellers.
• C)wholesalers.
• D)government purchases.

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Definitions:

Fundamental Attribution Error

The tendency to overestimate the influence of personality and underestimate the influence of situational factors when evaluating others' behaviors.

Cognitive Dissonance

The psychological discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Collectivist Cultures

Societies or cultures that prioritize the needs and goals of the group over those of the individual.

Actor-Observer Bias

The tendency to attribute one's own actions to external causes while attributing others' actions to their internal characteristics.