When Small Changes Generated by a Customer Produce Progressively Larger

question 47

Multiple Choice

When small changes generated by a customer produce progressively larger changes at each stage upstream in the supply chain, this is known as:

• A)Buffering.
• B)Bullwhip effect.
• C)Pareto effect.
• D)Vendor managed inventory.

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Definitions:

Space

The infinite extension of the three-dimensional region in which all matter exists.

Acceleration

in physics, refers to the rate of change of velocity of an object with respect to time.

Utility

A measure of satisfaction or pleasure that a consumer derives from consuming goods and services.

Utility Function

A mathematical representation of how consumer preferences are ordered for different goods or bundles of goods.