Multiple Choice
The manager of a luxury car rental company has noticed that demand for rentals is highly dependent on the state of the national economy. When the economy is performing well, she experiences lots of demand. However, when the economy is poor, she experiences very little demand. This demand pattern is likely an example of?
A) Trend
B) Seasonality
C) Cyclical
D) Random variation
Correct Answer:
Verified
Correct Answer:
Verified
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