If the CPI Changes from 125 to 120 Between 2010

question 192

Multiple Choice

If the CPI changes from 125 to 120 between 2010 and 2011, how did prices change between 2010 and 2011?

• A)Prices increased by 5%.
• B)Prices decreased by 5%.
• C)Prices increased by 25%.
• D)Prices decreased by 4%.
• E)Prices increased by 125%.

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Definitions:

Supply Chain Responsiveness

The ability of a supply chain to adapt quickly and efficiently to changes in the market environment, customer preferences, or supply disruptions.

Service Level

A measure of the quality of service provided, often evaluated by the speed and reliability with which a service is delivered.

Substitute Similar Products

Alternative products that serve the same purpose or function as the original product, often used to mitigate risks of stockouts or to diversify product offerings.

Flexible Capacity Lever

A strategy that enables a business to adjust its production capacity quickly in response to changing market demands, using methods like overtime, subcontracting, or temporary workers.