Which of the Following Best Illustrates the Concept of 'Derived

question 124

Multiple Choice

Which of the following best illustrates the concept of 'derived demand'?

• A)an increase in the wages of abalone fishers will lead to an increase in the demand for fishing boats in boat factories
• B)an abalone farm's decision to supply more abalone results from a decrease in the demand for station abalone
• C)an increase in the price of fuel will lead to an increase in the demand for smaller fishing boats
• D)an abalone fishing firm's decision to supply more abalone will lead to an increase in the demand for abalone fishers

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Definitions:

Subcultures

Groups within a larger culture that have their own distinct values, norms, and practices, but share some components of the larger culture.

Manager

A manager is an individual responsible for planning, making decisions, organizing, leading, and controlling a group of people or an organization to achieve a goal.

Multiple Teams

The involvement or coordination of more than one group working towards a common objective or project.

External Leader

A leadership figure who comes from outside the organization or group they are leading, bringing a new perspective or expertise.