The Demand for Labour Is a Derived Demand Because It

question 130

Multiple Choice

The demand for labour is a derived demand because it is derived from

• A) union pressure.
• B) the supply of labour.
• C) the demand for the output the labour produces.
• D) natural law.

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Definitions:

McDonald's

A global fast-food restaurant chain known for its hamburgers, fries, and wide range of breakfast and dessert options.

Mission Statement

A short statement of why an organization exists, what its overall goal is, identifying the goal of its operations: what kind of product or service it provides, its primary customers or market, and its geographical region of operation.

Organizational Needs

The requirements or necessities that an organization must meet to achieve its goals and objectives effectively.

Product Focus

A business strategy that prioritizes the development, improvement, and marketing of its products above other considerations.