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:

Intrinsic Factors

Elements originating from within a person or object that motivate behavior, such as personal satisfaction or enjoyment.

Extrinsic Factors

External influences on behavior, performance, or outcomes in various contexts, including environmental, social, and economic factors.

Motivated

Having the desire or willingness to do something; driven by internal or external factors.

Confidence

A feeling of self-assurance arising from an appreciation of one's own abilities or qualities.