Minor changes in demand that are caused by unknown factors and cannot be foreseen are called ______.
A)cyclic variations
B)random variations
C)predictable variations
D)seasonal variations

Question

Quizplus · Accepted Answer

Random variations refer to changes in demand that cannot be predicted due to unknown factors. The other options, cyclic variations, seasonal variations, and predictable variations, all refer to changes in demand that are caused by known and predictable factors.

Minor Changes in Demand That Are Caused by Unknown Factors