At Any Given Time, the Lack of Inventory Capability in Service

question 17

Multiple Choice

At any given time, the lack of inventory capability in service firms can result in all of the following scenarios EXCEPT:

• A) Demand that exceeds maximum capacity
• B) Demand that exceeds optimum capacity
• C) Supply and demand balanced at the level of optimum capacity
• D) Demand that is below optimum
• E) Demand that is below minimum capacity

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Definitions:

Generation Y

A cohort of individuals born roughly between 1981 and 1996, also known as Millennials.

Approximate Percentage

Approximate percentage is an estimated value expressed as a fraction of 100, used when exact numbers are not known or necessary.

Culture-Changing Products

are innovations or goods that significantly alter the behaviors, values, or norms of a society or cultural group.

Generation X

The demographic cohort following the baby boomers and preceding the Millennials, typically defined as being born from the early-to-mid 1960s to early 1980s.