_____ refers to the volatility of pricing conditions for major elements of the product, such as raw materials, purchased components, and labor.
A)Supplier's ability to impact costs
B)Component market uncertainty
C)Process or technology uncertainty
D)Total dollar value of the purchase
E)None of these answers.

Question

Quizplus · Accepted Answer

Component market uncertainty refers to the unpredictability of pricing conditions for major elements of the product, such as raw materials, purchased components, and labor. This can include fluctuations in supply and demand, changes in global market conditions, and other factors that impact component pricing. This type of uncertainty can pose significant challenges for businesses that rely on stable pricing to maintain profitability and competitiveness, and may require strategies such as hedging, inventory management, or diversification to mitigate risks.

_____ Refers to the Volatility of Pricing Conditions for Major