Which of the following best defines the linkage between consumers' demand for a company's output and its purchase of necessary inputs to manufacture or assemble that particular output?
A)Competitive demand
B)Derived demand
C)Latent demand
D)Composite demand
E)Negative demand

Question

Quizplus · Accepted Answer

Derived demand refers to the link between consumers' demand for a company's output and its purchase of necessary inputs to manufacture or assemble that particular output. The demand for these inputs is "derived" from the demand for the final product by consumers.

Which of the Following Best Defines the Linkage Between Consumers