Identify and State the Historical Significance of the Following

question 109

Short Answer

Identify and state the historical significance of the following:
-​Brook Farm

Calculate and interpret dividend yield.

Understand the concept and calculation of the bullwhip effect in supply chains.

Identify the primary causes of the bullwhip effect and their remedies.

Understand the factor weighting approach in supplier selection, including the application of criteria and weighting for decision making.

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Definitions:

Product Line Extension

The addition of new products to an existing product line within the same brand, usually to target a different customer segment or fill a gap in the product offering.

New-Product Strategies

The plans and approaches a business undertakes to bring new products to the market effectively.

Product Diversification

A strategy employed by companies to increase profitability and achieve growth by adding new products or entering into different markets that differ from the existing lineup.

Brand Extension

The strategy of using an established brand name to launch a new or modified product in a different category.