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

Question

Quizplus · Accepted Answer

A cycle is a repetitive pattern that occurs over a period of time longer than a year, characterized by alternating periods of growth and decline in demand. Trends refer to long-term patterns that persist over several years, while seasonal patterns refer to fluctuations in demand that occur within a year. Random variation refers to unpredictable fluctuations in demand.

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