The Fact That Each Stage in a Supply Chain Forecasts

question 46

Multiple Choice

The fact that each stage in a supply chain forecasts demand based on the stream of orders received from the downstream stage results in

• A)forecasts based on actual consumer demand patterns.
• B)a reduction in demand as we move up the supply chain from the retailer to the manufacturer.
• C)a magnification of fluctuations in demand as we move up the supply chain from the retailer to the manufacturer.
• D)an increase in forecast accuracy.

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Definitions:

Low-Income Developing

A term used to describe countries with lower levels of income and economic development in comparison to global averages.

Annual Per Capita Income

The average income earned per person in a given area in a specified year, calculated by dividing the area's total income by its population.

Democratic Republic

A form of government in which representatives elected by the people make and enforce laws and policies, but the head of state is usually a president.

Low-Income Developing

Refers to countries with low levels of income per capita, often characterized by limited economic development and facing challenges in poverty, health, and education.