A Business Venture Can Result in the Following Outcomes (With

question 107

Multiple Choice

A business venture can result in the following outcomes (with their corresponding chance of occurring in parentheses) : Highly Successful (10%) , Successful (25%) , Break Even (25%) ,
Disappointing (20%) , and Highly Disappointing (?) . If these are the only outcomes possible for
The business venture, what is the chance that the business venture will be considered Highly
Disappointing?

• A) 10%
• B) 15%
• C) 20%
• D) 25%

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Definitions:

Early Customization

A strategy where a product is partially completed and then finished according to specific customer requirements closer to the time of purchase.

Bullwhip Effect

A phenomenon in supply chains where variations in demand cause progressively larger variations in supply, leading to inefficiency and excess inventory.

Distributer

A company or individual responsible for the movement of goods from a manufacturer to the point of sale, usually adding value through storage, transportation, and marketing.

Large Order

A request for a significantly large quantity of goods or services.