One Major Problem Affecting Supply Chains Are Ripple Effects Referred

question 68

Multiple Choice

One major problem affecting supply chains are ripple effects referred to as the ________ effect.

• A) backflush
• B) multiplier
• C) bullwhip
• D) incremental
• E) stockwhip

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Definitions:

Fiscal Policy

Government adjustment of its spending levels and tax rates to monitor and influence a nation's economy.

Government Spending

The total amount of public sector expenditure, including spending on infrastructure, healthcare, education, and defense by the government.

GDP

Gross Domestic Product, the total market value of all finished goods and services produced within a country in a given period.

Economic Recovery

A period in which economic activity rebounds following a recession or economic downturn, characterized by increases in employment, consumer spending, and growth.