If Consumer Demand for Ford Cars (A Consumer Product)increases,the Company

question 215

Multiple Choice

If consumer demand for Ford cars (a consumer product) increases,the company may increase its demand for paint-spraying equipment (a business good) .This illustrates _______.

• A)unit demand
• B)contrived demand
• C)derived demand
• D)primary demand

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Definitions:

Company Meetings

Gatherings organized by businesses where employees, management, and sometimes stakeholders come together to discuss issues, strategies, and progress.

Communication

The exchange of information or ideas through various channels or mediums among individuals or groups.

Bureaucratic

Characterized by strict procedures, rules, and a hierarchy of authority within an organization, often leading to inefficiency and rigidity.

Publications Editor

A professional responsible for overseeing and managing the content, design, and production of publications.