Examlex
Which of the following is a characteristic of a traditional organization?
Derived Demand
The demand for a good or service that arises from the demand for another good or service; for example, the demand for steel is derived from the demand for cars.
Wind Turbine Service Technicians
Professionals specialized in maintaining and repairing wind turbines to ensure their efficient operation.
Substitution Effect
Alterations in spending behaviors triggered by variations in the prices of goods relative to each other, prompting individuals to replace one item with an alternative.
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