Haya Noticed That College Students Needed to Dress Up for Presentations

question 109

Multiple Choice

Haya noticed that college students needed to dress up for presentations but never seemed to have any ties, or at least not very nice ones. She decided she was going to set up a tie store on her campus and offer sports themed ties as well as solid colored ties in her school colors. She can put an announcement on the school's monitors that would display in the dining halls and student union. Haya orders 40 ties in each of the school colors and 10 in each of four sports. She almost instantly sold out of all the sport themed ties. She decides to approach each of the sports teams on campus to see if they would be willing to buy ties "in bulk". Which of the following is true about Haya's supply chain?

• A) Haya is using a push model.
• B) Haya is using a pull model.
• C) Haya is experiencing the bull whip effect.
• D) Haya has an accurate demand forecast.
• E) None of the above are true.

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Definitions:

Market System

Refers to the network of buyers, sellers, and other actors that come together to trade in a given product or service.

Ultimatum Game

An economic experiment in which two players decide how to divide a sum of money; one proposes the split, and the other accepts or rejects it, demonstrating negotiation and fairness standards.

Utility

Numerical score representing the satisfaction that a consumer gets from a given market basket.

Distribution

The process of making a product or service available for use or consumption by a consumer or business user.