Which of the Following Statements Is Applicable to Demand Management

question 5

Multiple Choice

Which of the following statements is applicable to demand management activities in finance?

• A)influences capital investments
• B)impacts new product introductions
• C)influences supply chain design
• D)determines employee head count and overtime for current workers

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at various prices.

Price

The amount of money expected, required, or given in exchange for something else, such as goods or services.

Quantity Consumers

Refers to the number of individual buyers or units purchased in the market.

Income Effect

Refers to the change in the quantity of a product demanded by consumers due to a change in their income.