Which of the Below Represents the Bullwhip Effect

question 75

Multiple Choice

Which of the below represents the bullwhip effect?

• A)Organizations know about employee events triggered downstream in the supply chain
• B)Customers receive distorted product demand information regarding sales information
• C)Distorted product-demand information ripples from one partner to the next throughout the supply chain
• D)The ability to view all areas up and down the supply chain

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Definitions:

Goods and Services

The tangible products (goods) and intangible items (services) that are produced and provided to meet the needs and wants of consumers.

Market Economy

An economic system in which supply and demand drive the production and distribution of goods and services, with minimal government intervention.

Specialization

Focus on a narrow area of expertise or production to increase efficiency and output.

Technological Advance

(1) An improvement in the quality of existing products, the invention of entirely new products, or the creation of new or better ways of producing or distributing products. (2) Any improvement in the methods by which resources are combined such that the same quantity of inputs can be made to yield a combination of outputs that is preferred to any combination of outputs that was previously possible.