A Major Underlying Cause for the Bullwhip Effect Includes ______

question 96

Multiple Choice

A major underlying cause for the bullwhip effect includes ______.

• A)revised demand forecasts
• B)the pull system of manufacture
• C)low elasticity of demand
• D)low elasticity of supply

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Definitions:

Rawls's

Pertaining to the ideas or theories of John Rawls, a philosopher known for his work on justice and political liberalism.

Nussbaum's

Pertains to the philosophical ideas of Martha Nussbaum, especially her work on capabilities and human development.

Greatest Happiness Principle

The ethical principle that actions are right in proportion as they tend to promote happiness, wrong as they tend to produce the reverse of happiness, core to Utilitarian philosophy.

Utility

In economics and philosophy, the measure of satisfaction or benefit that an individual receives from a choice or action; in utilitarianism, it's the overall happiness or good produced.