Derived demand Definition and Explanation 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.
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