Summarize the Demographic Shift That Has Occurred in the Population

question 77

Essay

Summarize the demographic shift that has occurred in the population over the past century. Provide at least three factors that help account for this shift. What is the prediction for the future demographic pattern?

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Definitions:

Cycle Inventory

The portion of inventory that is planned to be sold in a given cycle, as part of the regular pattern of ordering and selling goods.

Forward Buying

Purchasing inventory in larger quantities than immediately needed, often in anticipation of price increases or high demand periods.

Lot Size

The quantity of items that are produced, purchased, or moved in a single batch or order.

Cycle Inventory

Inventory that companies maintain to facilitate production in batches or cycles, as opposed to continuous production.