H-O Theory, According to the Text, Is

question 70

Multiple Choice

H-O theory, according to the text, is

• A) entirely correct.
• B) not entirely obsolete.
• C) predictive of all trade.
• D) false.

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Definitions:

Bullwhip Effect

A phenomenon in supply chains where minor fluctuations in demand at the retail level cause progressively larger fluctuations in demand at the wholesaler, manufacturer, and supplier levels.

Bullwhip Effect

An occurrence within supply chain management where minor changes in retail demand lead to increasingly significant changes in demand for wholesalers, distributors, and manufacturers.

Dampening

The process of reducing the amplitude or intensity of fluctuations or oscillations in a system or signal.

Amplification

In context, refers to the increase in signal strength or the magnification of the effects or significance of something.