Explain the Bullwhip Effect with an Example

question 28

Essay

Explain the bullwhip effect with an example.

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Definitions:

Decategorization

The process of reducing the salience of group categories in interactions, leading to perceptions of others more as individuals than as members of a group.

Recategorization

The process of changing the way groups are categorized, often aimed at reducing prejudice by viewing individuals as part of a larger, inclusive group.

Cross-Categorization

The classification of individuals into multiple overlapping categories or groups based on their characteristics or attributes, which can reduce the effects of stereotyping and prejudice.

Postcategorization

The process or practice of reevaluating and possibly redefining categorizations, often in the context of social identities or classifications.