Bagfur is a manufacturer of original leather handbags. Its business has dropped as the use of leather has been banned in a lot of countries. In the context of changing environments, which of the following does this scenario best illustrate?

A) Punctuated equilibrium

B) Discontinuous change

C) Resource scarcity

D) Buyer dependence

Question

Business

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11 November, 03:06

Bagfur is a manufacturer of original leather handbags. Its business has dropped as the use of leather has been banned in a lot of countries. In the context of changing environments, which of the following does this scenario best illustrate?

A) Punctuated equilibrium

B) Discontinuous change

C) Resource scarcity

D) Buyer dependence

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Answers (1)

Know the Answer?

Chana Krause · Answer 1

C) Resource scarcity

Explanation:

According to my experience in the field of supply chain management, it can be said that the term that best illustrates this scenario is resource scarcity. This term refers to when the amount of an available resource becomes extremely limited, usually causing it to cost more. In this situation leather being banned has caused it to become extremely rare and limited in that location, thus causing Bagfur's business to get dropped since they deal exclusively in leather products.