📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    Which of the following best illustrates the concept of

    derived demand?
    A The number of retail stores in a downtown area decreases and demand for retail goods increases. Correct Answer Incorrect Answer
    B An increase in the number of new single family homes results from a spurt in the gross national product. Correct Answer Incorrect Answer
    C The heat wave results in an increased demand for air conditioners. Correct Answer Incorrect Answer
    D Jet engine manufacturers experience increased sales because more tourists are taking international vacations. Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Sales of industrial products (jet engines) frequently result from the sale of consumer service

    Practice Next
    More Basics of Marketing Management Questions
    ask-question