Derived Demand Is Demand

question 46

Multiple Choice

Derived demand is demand:

• A)from consumers for new goods and services.
• B)from manufacturers to find new customers.
• C)linked to the production and sale of some other item.
• D)as specified by governmental orders.

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Definitions:

Capital

Capital in a business context represents the financial assets needed for operations, such as funds in bank accounts, inventory, buildings, and machinery.

Growth Strategy

A plan devised by a business to increase its size and market share through measures such as market penetration, product expansion, and acquisitions.

Global Competition

The situation where businesses compete with others around the world for market share, resources, and talent, driving innovation and efficiency.

Tariffs

Taxes imposed by a government on imported goods.