The Global Environment

question 197

Multiple Choice

The global environment:

• A) is a new frontier.
• B) is far reaching and affects all the other business environments.
• C) is shrinking.
• D) has not affected the United States due to its strong gross domestic product.

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Definitions:

Bullwhip Measure

A metric that quantifies the increase in variability or fluctuations in order and inventory levels observed as one moves up the supply chain from retailers towards manufacturers.

Supply Chain

The network of manufacturers, suppliers, and logistics providers involved in producing and delivering a product to the end user.

Variance

A statistical measure of the dispersion showing how much the values in a data set diverge from the mean or expected value.

Wholesaler

A person or company that buys goods in large quantities from producers and sells them in smaller quantities to retailers or other wholesalers.