Which of the Following Would Lead to an Increase in the Demand

question 441

Multiple Choice

Which of the following would lead to an increase in the demand for gasoline in Universityville, a typical college town?

• A) the local bus service beginning to offer free bus transportation to students
• B) homecoming weekend when many former alumni visit the local college
• C) a large protest by a campus environmental group urging people to walk or ride their bikes rather than drive
• D) an increase in the tuition charged by the local college, which reduces student enrollment

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Definitions:

Procurement Cycle

The process of acquiring goods and services from identification of need through to the end of a service contract or life of an asset.

Manufacturer/Supplier Interface

The point of interaction or relationship between manufacturers and their suppliers, critical for supply chain management and operations.

Push/Pull View

A strategy in supply chain management focusing on the production (push) based on forecasted demand and the distribution (pull) driven by actual customer demand.

Supply Chain Processes

The series of actions or steps taken to effectively produce and deliver products or services from supplier to customer.