Asked by
Saifali Nakarani
on Dec 13, 2024Verified
During late summer and early fall, there is a large demand for containers in Asia that are used to ship consumer products from Asia to the United States in time for the holiday selling season. The demand for these containers is referred to as ________ demand.
A) unitized
B) derived
C) reseller
D) applied
E) implied
Holiday Selling Season
A specific period within the year, often in late November and December, during which retailers experience a significant increase in sales due to holiday shopping.
Derived Demand
A demand for a commodity or service that arises from the demand for another commodity or service, for example, the demand for steel being derived from the demand for cars.
Containers
Objects or spaces that are designed to hold, store, or transport goods and materials.
- Familiarize oneself with the concept of derived demand and evaluate its effects on the demand for industrial goods and services due to consumer demand.
Verified Answer
AD
Learning Objectives
- Familiarize oneself with the concept of derived demand and evaluate its effects on the demand for industrial goods and services due to consumer demand.