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 the services provided by Concert Staging Company is derived demand because it is dependent on the demand for the concerts and theater events themselves. The company's services are not directly demanded by end consumers but instead are derived from the demand for the events. If there is a decrease in demand for concerts and theater events, then there will be a decrease in demand for the company's services.

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