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Demand for business goods that ultimately comes from the demand for consumer goods is known as:

AFluctuating Demand
BDerived Demand
CInelastic Demand
DJoint Demand

Explanation

* Derived Demand means business demand ultimately depends on consumer demand for finished end products.
* For example, the demand for steel drives derived demand from consumer sales of automobiles.
* Business demand is also generally more inelastic and subject to wider fluctuations (bullwhip effect).

Exam Relevance
  • Topic: Business Marketing
  • Subtopic: B2B Demand Characteristics
Submitted by: mcqstutor Team More Marketing MCQs →

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