Demand for Business Products Is Characterized as Derived

question 138

Multiple Choice

Demand for business products is characterized as derived. From what is the demand derived?

• A) Industrial demand
• B) Modified demand
• C) Demand for consumer products
• D) Future product demand
• E) The business cycle

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Definitions:

Consumer

An individual who purchases goods and services for personal use.

Business Marketers

Professionals who specialize in promoting and selling products or services to other businesses, rather than individual consumers.

Consumer Marketers

Professionals who specialize in targeting and understanding the behaviors and preferences of consumers to effectively sell products or services.

Buyers

Individuals or organizations that purchase goods or services for personal use, resale, or production.