Asked by eliza mooradian on Jun 14, 2024
Verified
When the demand for automobiles is high, the demand for steel and other products needed to manufacture those cars is also high. This exemplifies the principle of _________ ________.
Derived Demand
The demand for a product or service that arises not from the direct need or desire for that product, but rather from the demand for another good or service.
Automobiles
Motor vehicles designed for transporting passengers on roads.
- Comprehend the concept of derived demand in B2B markets.
Verified Answer
TD
Learning Objectives
- Comprehend the concept of derived demand in B2B markets.
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