Which One of the Following Basic Patterns of Demand Is

question 62

Multiple Choice

Which one of the following basic patterns of demand is difficult to predict because it is affected by national or international events or because of a lack of demand history reflecting the stages of demand from product development to decline?

• A) horizontal
• B) seasonal
• C) random
• D) cyclical

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Definitions:

Organizational Competitors

Other entities that offer similar products or services and compete for the same market share.

Information Gathering

Information gathering refers to the systematic collection of data and facts relevant to a specific topic or project.

Economic Uncertainty

A condition in which there is a lack of confidence or predictability regarding the state of the economy, often leading to volatility in markets and investment decisions.

HR Managers

Professionals responsible for overseeing the functions of the human resources department, including recruitment, training, performance management, and employee relations.