As an Amazon Associate I earn from qualifying purchases.

What is Derived demand in Marketing? PDF Download

Learn Derived demand definition in marketing with explanation to study “What is Derived demand”. Study derived demand explanation with marketing terms to review marketing course for online MBA programs.

Derived demand Definition:

  • Business demand that ultimately comes from (derives from) the demand for consumer goods.

    Principles of Marketing by Philip T. Kotler, Gary Armstrong



Derived demand Explanation:

Derived demand is widely used in economics which describes the demands of goods and services. Therefore, it can be a demand of physical or intangible things. It also required finishing the production of a particular product, which includes labor, capital, raw material and land for this purpose. Thus, the demand which derived for another goods or services can be a great investing strategy.

Keep Learning Marketing Explanations

What is Online Marketing Research?

Web based advertising is the act of utilizing online channels to spread a message about an organization's image, items, or ...

What is Maintenance and Repair?

The expenses brought about to take an advantage back to a previous condition or to keep the benefit working at ...

What is Capital Items?

Human made products are known as capital goods, it incorporates business items to produce goods and services like machinery, buildings, ...

What is Market Leader?

A market chief is an organization with the biggest piece of the pie in an industry that can frequently utilize ...

What are Tracking Studies?

A following report dissects the changing perspectives on a solitary gathering of customers, making it a compelling device for statistical ...

What are Mission Statements?

A statement of purpose characterizes what an association is, the reason it exists, its explanation behind being. At any rate, ...