Table 45 Consider the Table Above Showing Three Stages of of Production

question 127

Multiple Choice

Table 4.5 Consider the table above showing three stages of production of an automobile.
-Refer to Table 4.5.The value of each automobile in gross domestic product equals

• A)$7,000.
• B)$10,000
• C)$15,000.
• D)$18,000.
• E)$25,000.

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Definitions:

Market-Based Price Model

A pricing strategy that considers the prices of competitors and market demand to set the price of a product or service.

Channel Assembly

A system that postpones final assembly of a product so the distribution channel can assemble it.

Bullwhip Effect

A phenomenon in supply chains where minor fluctuations in demand at the retail level cause increasingly larger fluctuations in demand at the wholesale, distributor, and manufacturer levels.

Environmental Supply-Chain Risks

Risks associated with environmental factors that can affect the supply chain, including natural disasters, climate change, and resource depletion.