Which of the Following Is an Explanation of 'Derived Demand

question 26

Multiple Choice

Which of the following is an explanation of 'Derived Demand'? 

• A) Developments in industrial markets are rarely influenced by changes which occur in the end-user markets. 
• B) Developments in industrial markets are never influenced by changes which occur in the end-user markets. 
• C) Developments in industrial markets are often influenced by changes which occur in the end-user markets. 
• D) Developments in industrial markets are often influenced by exchange rates.

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Definitions:

Entitativity

The perception or quality of being a distinct entity, often used in social psychology to discuss how individuals perceive groups as coherent, unified wholes.

Prejudice

Prejudice is a preconceived opinion or judgment toward people or a group without sufficient knowledge, thought, or reason.

Stereotyping

The act of assigning oversimplified or generalized traits, behaviors, or beliefs to a particular group of people without acknowledging individual variation.

Case Study

A research method that involves an in-depth analysis of a single individual, event, or group to explore causation in order to find underlying principles.