If the Product Demand Is Steady, Then the Supply Chain

question 67

True/False

If the product demand is steady, then the supply chain network does not need to be agile.

---

Definitions:

Variable Cost

Expenses that change in proportion to the volume of goods or services produced.

Intermediate Calculations

Calculations that occur in the middle of a problem-solving process, often needed to arrive at a final solution.

Elastic Demand

A market condition where the quantity demanded of a product or service significantly changes in response to changes in price.

Volume of Units

The total number of individual items or products produced or sold by a company.