Asked by Justice Kay-Lease on Jun 05, 2024
Verified
Sales of industrial dishwashers manufactured by Kleen-it-Right Corp. depend on the needs of large institutions like hospitals and universities. In other words, ________ demand.
A) synthetic
B) situational
C) monopolistic
D) contrived
E) derived
Derived Demand
Refers to the demand for a good or service resulting from the demand for another good or service.
- Acquire knowledge on the notion of derived demand in the B2B sector.
Verified Answer
SS
Samuel SteinhoffJun 05, 2024
Final Answer :
E
Explanation :
Derived demand refers to the demand for a certain product or service that is dependent on, or derived from, the demand for another product or service. In this case, the demand for industrial dishwashers by Kleen-it-Right Corp. is derived from the needs of large institutions like hospitals and universities.
Learning Objectives
- Acquire knowledge on the notion of derived demand in the B2B sector.