The Bullwhip Effect Suggests That ______

question 14

Multiple Choice

The bullwhip effect suggests that ______.

• A)changes in consumer demand are magnified as one moves upstream in the supply chain
• B)changes in consumer demand are minimized as one moves upstream in the supply chain
• C)changes in consumer demand are constant as one moves downstream in the supply chain
• D)changes in consumer demand are magnified as one moves downstream in the supply chain

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Definitions:

Medium Of Exchange

An instrument or system that facilitates the sale, purchase, or trade of goods between parties.

Universally Acceptable

Qualities or standards that are widely recognized and endorsed across different cultures, societies, or groups.

Absolute Advantage

A condition in which a country, individual, or company can produce a specific good at a lower cost in resources than another.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors.