Demand patterns that occur every several years and are influenced by macroeconomic and political factors are referred to as?
A) Trend
B) Seasonality
C) Cyclical
D) Random variation

Question

Quizplus · Accepted Answer

Demand patterns that occur every several years and are influenced by macroeconomic and political factors are referred to as cyclical patterns. Trend refers to a long-term pattern in demand, seasonality refers to repeating patterns that occur within a year, and random variation refers to unpredictable fluctuations in demand.

Demand Patterns That Occur Every Several Years and Are Influenced