_____ 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 the above.

Question

Quizplus · Accepted Answer

Component market uncertainty refers to the unpredictability of pricing conditions for raw materials and purchased components, which can impact the overall cost of the product. This can be influenced by various factors such as supply and demand, availability, and geopolitical events.

_____ Refers to the Volatility of Pricing Conditions for Major