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If the marketing managers at Peyton Bike's Inc. decide to sell each bike at a price lower than $2,000 per unit, a shortage of bikes will be created.
Why are bikes in short supply?
As a result, additional problems like plant shutdowns and disruptions as well as the unheard-of increase in bike orders during the peak of the coronavirus pandemic have added to the supply chain difficulties. The sector has never before experienced such a massive increase in demand as it has over the past two years.
Are there still not enough bicycles?
The "Great Bicycle Shortage" of 2021 is finally ended, which is wonderful news. The bad news is that you'll have to pay more in 2022, just like with everything else. Lori Van Maluka is all too familiar with the bike shortage.
How long will there be a bicycle shortage?
Mason claimed that despite the bike industry's growth slowing down since 2020, sales are still higher than they were before the pandemic. While the shortage is still present, according to Mason, it is concentrated on a few particular bike models, parts, and accessories. She believes that the shortfall will continue into the following year or two.
learn more about shortage of bikes here https://brainly.com/question/13000057
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