The Term Demand-Pull Refers To

question 39

Multiple Choice

The term demand-pull refers to:

• A)making products prior to orders being received based on estimated demand.
• B)waiting for orders to be received before building a product.
• C)channel conflict.
• D)multi-channel manufacturers who sell directly online to consumers.

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Definitions:

Tennis Racquets

Sporting equipment consisting of a handled frame with an open hoop across which a network of strings is stretched, used to hit a tennis ball.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing to buy at each price point.

Supply Schedule

A table that shows the relationship between the price of a good and the quantity of that good a supplier is willing to offer for sale at each price level.

Equilibrium Price

The market price at which the quantity of goods demanded equals the quantity supplied, bringing the market into balance.