The Fact That the Demand for Business Products Depends a Lot

question 62

Multiple Choice

The fact that the demand for business products depends a lot on the demand for final consumer products is called:

• A) primary demand.
• B) derived demand.
• C) diminishing demand.
• D) elastic demand.
• E) secured demand.

---

Definitions:

Strategic Plan

A document that outlines an organization's long-term goals and the actions necessary to achieve them.

Value Statement

A written declaration that communicates an organization's core values and ethical principles to its stakeholders.

Restructuring Strategy

The corporate management technique of reorganizing the structure of a company to increase profitability, efficiency, and adapt to new market conditions.

Core Item

An essential or fundamental product, service, or component that is central to the operation or identity of a business or system.