Concert Staging Company provides the stage, the roof system, and lighting and sound for outdoor concerts and theaters. It is typically hired by the organization sponsoring the event. When the economy slows down, consumers are more likely to save their money for a rainy day than buy a concert or theatre ticket. The number of concert and theatre events determines how many times the company gets to provide its services. Demand for the services provided by Concert Staging Company is________ demand.

Question

Quizplus · Accepted Answer

The demand for Concert Staging Company's services is derived demand since it is dependent on the demand for concert and theatre events. It is not holistic demand as it does not encompass all aspects of a consumer's needs or wants, nor is it unitized demand as it is not based on a specific product or service. It is also not applied demand as that refers to the demand for a specific product or service in a particular industry or market.

Concert Staging Company Provides the Stage, the Roof System, and Lighting