When the Toyota Prius First Entered the Marketplace,dealers Kept Waiting

question 45

True/False

When the Toyota Prius first entered the marketplace,dealers kept waiting lists of people wanting one and the factories had to ramp up production and order more raw materials.This is an example of derived demand.

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Definitions:

Unconditioned Stimulus

A stimulus that naturally triggers a response without the need for prior learning.

Unconditioned Response

An automatic, natural reaction to a stimulus that occurs without any prior learning or conditioning.

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response behavior.

Paired

Describes objects or concepts that are linked or associated with each other in some relationship or function.