Unexpected events may lead to demand that is referred to as?
A) Trend
B) Seasonality
C) Cyclical
D) Random variation

Name: Unexpected events may lead to demand that is referred to as? A) Trend B) Seasonality C) Cyclical D) Random variation
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Question

Quizplus · Accepted Answer

Random variation refers to unexpected events that cause short-term fluctuations in demand, such as a natural disaster or a sudden change in consumer preferences. Trends, seasonality, and cyclical demand are typically predictable and longer-term patterns in demand.

Unexpected Events May Lead to Demand That Is Referred to As