A More Recent Issue That Is Causing Major Problems in the Business

question 90

Multiple Choice

A more recent issue that is causing major problems in the business community is

• A) the privatization of ownership.
• B) short-term versus long-term financial goals of management.
• C) ethical problems.
• D) environmental concerns.

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Definitions:

Supply Disruption

An unexpected event that interrupts the normal flow of goods and materials in a supply chain, potentially leading to stockouts, increased costs, or delivery delays.

Incentive

A factor, often a form of reward or penalty, that motivates individuals to perform an action or behave in a certain manner.

Fewer Suppliers

A procurement strategy where a company intentionally reduces the number of suppliers in its supply chain to improve efficiency and negotiate better terms.

Bullwhip Effect

describes the phenomenon where small fluctuations in demand at the retail level cause progressively larger fluctuations in demand at the wholesale, distributor, and manufacturer levels.