The success of one company in one industry may depend on another company in a different industry.

Question

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Derived demand refers to the demand for one product or service that is driven by the demand for another product or service. In this scenario, one company's success in one industry may depend on another company's product or service in a different industry. For example, a car manufacturer's success may be dependent on the demand for steel in the automotive industry. The demand for steel is derived from the demand for cars, as cars require steel to be manufactured.

The Success of One Company in One Industry May Depend