Trevor went to the store to get a new pair of running shoes but the store was temporarily out of the brand he normally buys.What is the term for this situation?
A)a stockout
B)derived demand
C)a backorder
D)cognitive dissonance

Question

Quizplus · Accepted Answer

A stockout is a situation when a retailer runs out of a particular product temporarily. In this case, the store does not have the brand of running shoes Trevor usually buys, and hence it is a stockout. Option B, derived demand, refers to the demand for a product resulting from the demand for a related product or service. Option C, a backorder, is a situation where a customer orders a product that is temporarily out of stock, and the retailer promises to deliver it when they have it. Option D, cognitive dissonance, is a psychological term that refers to the discomfort that a person feels when they hold two or more conflicting beliefs or values. None of these terms apply to the situation described in the question.

Trevor Went to the Store to Get a New Pair