Question: What do we mean when we say demand for industrial goods is derived? Transportation issues make a significant difference in a company's ability to use

What do we mean when we say demand for industrial goods is derived?
Transportation issues make a significant difference in a company's ability to use industrial goods in its products.
A product can be considered to be either a consumer product or an industrial product depending on how it is used.
Many business customers use contracts to establish purchase quantities.
Consumers buy industrial goods indirectly when they purchase consumer goods that use industrial goods as components.
Business customers consider other things than simply price when deciding to purchase an industrial good.
What do we mean when we say demand for industrial

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!