Question: 1. What does the term bullwhip effect mean? o Why? 2. Explain in plain words- what the bullwhip effect means. o How could such a

1. What does the term bullwhip effect mean?

o Why?

2. Explain in plain words- what the bullwhip effect means.

o How could such a thing happen? Provide two (2) examples of/or two (2) scenarios in which the bullwhip effect has occurred.

o What could be done to keep it from happening in the future?

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