The use of one product to satisfy demand for a different product is:
Understand the Problem
The question asks to identify the term that describes using one product to meet the demand for another. The answer choices are information centralization, specialization, product substitution, and component commonality.
Answer
Product substitution.
The use of one product to satisfy demand for a different product is product substitution.
Answer for screen readers
The use of one product to satisfy demand for a different product is product substitution.
More Information
Product substitution is a key strategy in supply chain management to handle uncertainty and meet customer demand by offering alternative products.
Tips
A common mistake is confusing product substitution with similar concepts like product differentiation or diversification. Product substitution specifically refers to using one product to satisfy the demand for another.
Sources
- Solved The use of one product to satisfy demand for a | Chegg.com - chegg.com
- Chapter 12 Flashcards by Amy Horton | Brainscape - brainscape.com
- Managing Uncertainty in Supply Chain: The Role of Safety - coursesidekick.com
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