Small changes in consumer demand can lead to considerable shifts in business product demand and it referred to as the ____________.

Question

Quizplus · Accepted Answer

The Acceleration effect refers to the situation where small changes in consumer demand can cause significant shifts in business product demand. This effect is important in supply chain management and inventory management, as it highlights the need for businesses to be responsive to changes in consumer demand in order to avoid stockouts or overstocks of inventory.

Small Changes in Consumer Demand Can Lead to Considerable Shifts