The Fact That the Demand for Business Products Depends a Lot

question 62

Multiple Choice

The fact that the demand for business products depends a lot on the demand for final consumer products is called:

• A) primary demand.
• B) derived demand.
• C) diminishing demand.
• D) elastic demand.
• E) secured demand.

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Definitions:

Implicit Memory Effect

A phenomenon where previous experiences aid the performance of a task without conscious awareness of these previous experiences.

Sequestering Effect

The process of removing or isolating a chemical or substance from the environment, often used in carbon capture to reduce atmospheric CO2.

Serial Position Effect

A cognitive phenomenon whereby items at the beginning and end of a list are remembered more easily and accurately than those in the middle.

Serial Position Effect

A phenomenon in memory which suggests that when learning a list of items, the probability of recalling an item is dependent on its position in the list, with early and late items being more likely to be remembered than middle items.