__ denotes that the demand in business markets is closely associated with the demand for consumer goods. a. Concentrated demand b. Composite demand c. Direct demand d. Derived demand

Question

__ denotes that the demand in business markets is closely associated with the demand for consumer goods. a. Concentrated demand b. Composite demand c. Direct demand d. Derived demand

Answer 1

###d. Derived demand

Answer 2

##Step1: Identify the Concept###The demand in business markets that is closely associated with the demand for consumer goods is known as "derived demand." This concept indicates that the demand for factors of production or inputs is derived from the demand for the final goods and services they help produce.#

Question

__ denotes that the demand in business markets is closely associated with the demand for consumer goods. a. Concentrated demand b. Composite demand c. Direct demand d. Derived demand

Solution

Answer

Explanation