Question

Industry demand is also called

Answer 1

Answer:

Organization Demand

Explanation:

The sum total of demand for products of all organization in a particular industry is known as industry demand.

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Answer 2

The industry demand is also called "Organization Demand".

Explanation:

• The industry demand is the result of the total sum of demand for products in all organizations which contribute to the industry.
• For example, the demand for a particular part of the organization in an industry will be related to the full demand on the industry. These products contribute to the industry.
• The industry demand is also said to be derived demand because the demand of industry will be derived from the demand of consumer goods.
• The demand for fuel, spare parts will depend on the demand for vehicles, so each and every part of the organization's demand is related to the industry demand and thus called organization demand.