Forecasting demand and translating that forecast into desired levels of purchasing, production, and distribution activities is part of which of the eight key supply chain processes?
a. Manufacturing flow management
b. Customer service management
c. Demand management
d. Customer relationship management
c. Demand management
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The demographic characteristics of the population and its culture are referred to as
A. market forces. B. cultural forces. C. psychographic forces. D. social forces. E. attitudinal forces.
If demand changes greatly with a small change in price, the demand is ________
A) variable B) inelastic C) derived D) elastic E) negative
All fifty U.S. states consider loss leader practices to be wrong and have passed legislation called "unfair sales acts," also called "unfair trade practices acts."
Indicate whether the statement is true or false