Implied demand uncertainly resulting uncertainty for the supply chain given the portion of the demand, the supply chain must handle & attributes the customer desires.
Explanation:
Implied demand uncertainly resulting uncertainty for the supply chain given the portion of the demand, the supply chain must handle & attributes the customer desires.
It is related to customer needs & product attributes.
The level of implied demand uncertainly of jasmine rice is low, because the demand& supply of jasmine rice is predictable
The jasmine rice has low contribute margin, accurate demand forecasts, low stock out rates and virtually no markdown.
These characteristics match well with Fisher’s chart of characteristics for product with highly certain demand.
Explanation: In simple words, reciprocity refers to the agreement in which two parties exchange goods or services in such a way that both of them will gain benefit from such agreement.
In business it can achieved in many ways, for example by combining the efforts and resources or by providing each other some service in exchange for service from the other side.
In the given case, Jason made a deal with dodge to provide service to him in exchange for service by him. Hence we can conclude that the given case depicts reciprocity.
