Multiple Choice
Which of the following best illustrates the concept of derived demand?
A) The number of retail stores in a downtown area decreases even though demand for retail goods increases.
B) An increase in the number of new, single-family homes results from a spike in the gross national product.
C) A Chinese plastics company increases its output because of its customers' higher toy exports to the United States.
D) A heat wave results in an increased demand for air conditioners.
E) Honda reducing its car prices causes GM to do the same
Correct Answer:

Verified
Correct Answer:
Verified
Q26: Explain why NOT all products can use
Q27: At the time of its introduction, which
Q30: From an organization's perspective regarding its new
Q148: Which of the following is the best
Q169: In terms of promotion, which of the
Q208: Identify and describe each stage in the
Q227: Which of the following is considered an
Q351: Which stage in the new-product process is
Q354: Simulated test markets (STMs) are often run
Q357: Very infrequent purchases with some comparison shopping