A ___________ is an up-and-down movement in demand that repeats itself over a lengthy time period of more than a year.
A)trend
B)seasonal pattern
C)random variation
D)cycle

Question

Quizplus · Accepted Answer

A cycle describes a repetitive up-and-down movement in demand over a lengthy time period of more than a year. Trends show a general direction of demand over time, seasonal patterns show regular fluctuations in demand within a year, and random variations are erratic and unpredictable movements in demand.

A ___________ Is an Up-And-Down Movement in Demand That Repeats