Derived Demand Can Be Defined as Demand

question 6

Multiple Choice

Derived demand can be defined as demand:

• A)that is derived from supply.
• B)that is matched to consumer wants and needs.
• C)dependent on another source.
• D)that it volatile.
• E)aggregate consumer desire

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Definitions:

Utility

A measure of satisfaction or pleasure derived from consuming goods or services.

Satisfaction

The contentment or fulfillment a consumer feels after purchasing and using a product or service.

Purposeful Behavior

Actions taken by individuals or entities aimed at achieving specific goals or outcomes, based on rational decision-making processes.

Desired Outcomes

Refers to the specific goals or results that an individual or organization aims to achieve.