Concert Staging Company provides the stage,the roof system,and the lighting and sound for outdoor concerts and theatrical events.The firm 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 rather than buy a concert or theater ticket.The number of concert and theater events determines how many times the company is hired to provide its services.Demand for the services provided by Concert Staging Company is a result of __________ demand.

Question

Quizplus · Accepted Answer

The demand for Concert Staging Company's services is derived from the demand for concerts and theatrical events that require their services. The company is hired by the organization sponsoring the event, so the demand for their services is dependent on the demand for the events themselves. Therefore, Concert Staging Company's demand is derived from the demand for the events they provide their services for.

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