Which of the Following Best Illustrates the Concept of Derived

question 245

Multiple Choice

Which of the following best illustrates the concept of derived demand?

• A) The number of retail stores in a downtown area decreases as demand for retail goods increases.
• B) An increase in the number of new, single-family homes results from a spurt in the gross national product.
• C) The heat wave results in an increased demand for air conditioners.
• D) Container manufacturers experience an increase in sales because more HDTVs from Japan and South Korea are being sold in the U.S. and must be transported by ship in containers.
• E) Honda reducing its car prices causes GM to do the same.

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Definitions:

Production-Centered Management

A leadership strategy emphasizing maximizing output and efficiency in the production process.

Health Care Provider

A professional or organization that delivers health care services, ranging from doctors and nurses to clinics and hospitals.

Department Manager's Visibility

The extent to which a department manager is seen and recognized by their employees, often affecting their ability to lead effectively.

Employees' Perception

How employees view and understand their workplace, management, and their roles, significantly impacting morale, productivity, and job satisfaction.