Derived Demand Is the Demand

question 153

Multiple Choice

Derived demand is the demand:

• A) that arises because of monopoly control of resources in a market.
• B) for a product based on the tastes and preferences of consumers.
• C) derived from consumer satisfaction with a product.
• D) for a resource to produce a product.

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Definitions:

Professional Selling

The process of offering products or services to customers in an ethical, trustworthy manner with the goal of making a sale.

Referrals

Recommendations made by satisfied customers or clients to their network, introducing potential customers to a business or service.

Integrity

The quality of being honest without compromise or corruption.

Prospect Pool

A group of names, gathered from various sources, that represent prospective buyers.