Explain the concept of derived demand
What will be an ideal response?
The demand for business goods is ultimately derived from the demand for consumer goods. Consumer demand for businesses' end products drives their production. Production of those end products drives business demand for the inputs to those production processes.
Business
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According to CP-20 on Personal Assistants, an unlicensed personal assistant may show homes,
a. true b. false
Business
When GM moved some of its manufacturing operations to Mexico to be closer to the American market, they were doing what’s known as _____
a. nearshoring b. cost-benefit analysis c. offshoring d. coordination
Business