What Is the Bullwhip Effect

question 76

Multiple Choice

What is the bullwhip effect?

• A)The ability to view all areas up and down the supply chain in real time.
• B)Uses advanced mathematical algorithms to improve the flow and efficiency of the supply chain while reducing inventory.
• C)Ensures supply chain cohesion by automating the different activities of the supply chain.
• D)Occurs when distorted product-demand information ripples from one partner to the next throughout the supply chain.

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Definitions:

Tenacity

The quality or state of being very determined or persistent.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society or organization, emphasizing inclusivity and mutual respect.

Social Structures

The organized patterns of relationships and institutions that together form the basis of society.

Belief Systems

Complex structures of norms and values shared by individuals within a community, shaping their perceptions, behaviors, and understanding of the world.