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on Dec 13, 2024
Verified
South Cape Ostrich Tanning (SCOT) is a producer of fine ostrich leathers, which are sold to manufacturers that make a variety of products from shoes to car interiors. Demand for SCOT's leather is a result of consumer interest in products such as Via La Moda handbags made from this exotic and expensive leather. SCOT has ________ demand for its product.
A) derived
B) unitized
C) industrial
D) applied
E) reseller
Ostrich Leathers
High-quality and durable leather made from the skin of ostriches, used in luxury fashion products.
Derived Demand
The demand for a product or service that results from the demand for another product or service.
SCOT
An acronym for Social Construction of Technology, a theory that examines how social, political, and economic factors shape technological innovation and development.
- Absorb the concept of derived demand and its consequence on the demand for industrial goods and services as influenced by consumer preferences.
Verified Answer
DS
Learning Objectives
- Absorb the concept of derived demand and its consequence on the demand for industrial goods and services as influenced by consumer preferences.