The Impact That a Significant Change in Capacity Will Have

question 18

Multiple Choice

The impact that a significant change in capacity will have on a key vendor is a:

• A)supply chain factor.
• B)process limiting factor.
• C)internal factor.
• D)human resource factor.
• E)operational process factor.

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Definitions:

Elastic Demand

A situation in which the quantity demanded of a good or service is highly responsive to changes in its price.

Price Cut

A reduction in the selling price of goods or services, usually aimed at increasing demand or facing competition.

Elastic Demand

An instance where the demand for a product exhibits substantial sensitivity to adjustments in its pricing.

Price Rise

An increase in the cost of goods or services, often due to factors such as inflation, demand surges, or production costs.