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Demand for One Product That Occurs Because of Demand for a Related

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Demand for one product that occurs because of demand for a related product is called derived demand.


Definitions:

Goal Setting

The process of identifying something that you want to accomplish and establishing measurable objectives and timeframes.

Self-Efficacy Beliefs

The conviction that one can successfully execute the behavior required to produce desired outcomes.

Performance Mastery

The process or achievement of gaining complete control or proficiency over a particular skill or area of performance.

Verbal Persuasion

The use of oral communication to convince or influence others to adopt a specific viewpoint or action.

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