Difference between demand uncertainty and implied demand uncertainty
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It happens when businesses cannot ascertain the demand of their product in future. It means that demand for the product sometimes keeps increasing or decreasing . Demand Fluctuates. Such a condition where demand for the product cannot be accurately determined ,is said to be Demand Uncertainty. Implied demand uncertainty is defined in the context of multiple supply chains supplying the same product. Multiple supply chains come due to different attributes that they satisfy. An example is a firm supplying a product, say medicines, 24 hours versus a firm that supplies during normal day hours.
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- It happens when businesses cannot ascertain the demand of their product in future. It means that demand for the product sometimes keeps increasing or decreasing . Demand Fluctuates. Such a condition where demand for the product cannot be accurately determined ,is said to be Demand Uncertainty. Implied demand uncertainty is defined in the context of multiple supply chains supplying the same product. Multiple supply chains come due to different attributes that they satisfy. An example is a firm supplying a product, say medicines, 24 hours versus a firm that supplies during normal day hours.
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