Apple Addressed the Uncertainty in Its Demand Forecast for the Apple

question 57

Multiple Choice

Apple addressed the uncertainty in its demand forecast for the Apple Watch by ___________________.

• A) allowing its vendors to manage their inventory
• B) producing the maximum number of watches that were predicted
• C) taking preorders to estimate potential demand
• D) vertically integrating the supply chain

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Definitions:

Hurricane Andrew

A powerful and destructive category 5 Atlantic hurricane that struck the Bahamas, Florida, and Louisiana in August 1992.

Excess Supply

A situation in which the quantity of a good or service supplied is greater than the quantity demanded at a given price, often leading to a surplus.

Price Cheeseburger

The amount of money required to purchase a cheeseburger in a given market or location.

Excess Demand

A situation in a market where the quantity demanded of a good or service surpasses the quantity supplied at the current price.