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In Placing a Tire Order with Michelin, South Side Industrial

question 29

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In placing a tire order with Michelin, South Side Industrial Supply finds that the truck tires it is ordering have increased $37.50 in price since the last order. South Side proceeds with the order, confident that it can pass on the price increase to future customers. This is an example of business products having ____ demand.


Definitions:

Crowdsourcing

The method of acquiring necessary services, ideas, or content by requesting contributions from a wide audience, particularly from an online community, as opposed to relying on traditional employees or suppliers.

Decision Making

The process of selecting a course of action from several alternatives to achieve a desired result.

Contemporary Approaches

Modern methods or techniques being used in a particular field or discipline.

Decision Making

Deciding on a particular action from a range of possible actions by using cognitive functions.

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