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Solnce55 [7]
2 years ago
6

Consumer demand for personal computers or smart devices ultimately determines the demand for the parts and materials involved in

the manufacture of each product. This is an example of _________.a. Channel management
b. Price elasticity of demand
c. Derived demand
d. B2B demand
e. None of the above
Business
1 answer:
Aliun [14]2 years ago
8 0

Answer:

The correct answer is c. Derived demand .

Explanation:

Derived demand is the demand for goods and services that is generated as a result of the demand for other goods and services. This type of demand usually corresponds to the demand for factors or products, since the demand for a good or service may be related to the process necessary to produce another good or service, although it can affect both producers and consumers.

Derived demand can sometimes lead to an increase in the price of a marginal product, since the demand for the resources needed to produce a physical product also increases.

You might be interested in
Which explains why the price indicated by p2 on the graph is lower than the equilibrium price?
Vsevolod [243]

According to economic principles, as prices fall, quantity demanded goes up.

What is equilibrium price?

The market price at which the amount of goods supplied and the amount of goods sought are equal is referred to as the "equilibrium price."

The demand and supply model's reasoning is straightforward. For instance, when sugar prices are lower, the market's demand is automatically increased.

Excess demand is depicted in the graph. The price is less than the equilibrium price, as shown by p2 on the graph, since as the price decreases, the quantity demanded increases.

As a result, option (a) As prices fall, quantity demanded goes up is correct.

Learn more about on equilibrium price, here:  

brainly.com/question/13458865

#SPJ1

6 0
1 year ago
Performance Bicycle Company makes steel and titanium handle bars for bicycles. It requires approximately 1 hour of labor to make
quester [9]

Answer:

Explanation:

Particulars    Steel Bars Titanium Bars

Units Per Batch 7000 3000

Hours Per Unit   1         1

Total Hours         7000 3000

Overhead rate on the basis of direct labor = Total Overhead / Total labor hours  = 84,000/10,000 i.e 8.40

Overhead cost allocated to steel bars = 8.40*7000 = 58,800

5 0
3 years ago
Suppose an economist tests the theory that when the price of leather increases, fewer pairs of shoes are produced. He observes m
Salsk061 [2.6K]

Answer:

b. cannot test his theory because his observations violate the ceteris paribus assumption

Explanation:

As per the law of supply, when price of an input rises, quantity supplied of a good falls, keeping other factors affecting supply as constant (ceteris paribus).

Leather and Shoes are complimentary goods in the sense that leather serves as an input for the product i.e shoes. So if the price of leather rises, production of shoes would fall, keeping other factors constant.

When the price of an input rises, the quantity supplied falls, keeping other factors affecting supply as constant.

In the given case, the price of inputs has increased and yet the production of shoes has increased owing to an advancement in the technology. Technology is a different determinant of quantity supplied and considered as an other factor affecting supply.

5 0
3 years ago
Lucy has just finished washing her car and is now checking its oil level. The oil dipstick shows her car’s oil is below the "Low
dlinn [17]

Answer:

recognition phase

Explanation:

There are 5 phases in the consumer decision-making process:

  1. recognition: the customer realizes that he/she has an unsatisfied need or problem that must be satisfied or solved. In this case, Lucy realized that her car needs more oil and she has to purchase some.
  2. information search
  3. evaluations of alternatives
  4. purchase
  5. evaluation of decision
3 0
2 years ago
Liz and Moss disagree over the amount due under their contract. To avoid involving any third party in the resolution of their di
Burka [1]

Answer:

Negotiation

Explanation:

Liz and Moss disagree over the amount due under their contract. To avoid involving any third party in the resolution of their dispute, Liz and Moss might prefer to use the alternative dispute resolution method of  negotiation.

Alternate Dispute Resolution methods include arbitration, mediation and negotiation.

<u>However of the 3 methods above arbitration and mediation involves the use of third party interference in the dispute resolution.</u>

<u>Therefore only negotiation is a viable means of alternate dispute resolution if the presence and interference of a third party is undesirable.</u>

6 0
2 years ago
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