Which of the following statements about supply shortages is true?
A)Supply shortages occur when a new product is in demand
B)The target audience is the mass market
C)This is a long-term market
D)The key benefits are lower costs and scale savings

Question

Quizplus · Accepted Answer

Supply shortages typically occur when there is a higher demand for a product than what the supplier is able to provide. This can happen with new products that are in high demand, causing a shortage until production and supply can catch up with demand.

Which of the Following Statements About Supply Shortages Is True