Which Operations Factor Is Centered Around a Firm's Production Capacity

question 35

Multiple Choice

Which operations factor is centered around a firm's production capacity?

• A) Flexibility
• B) Facilities and equipment
• C) Choice of a joint venture
• D) Customer demand

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Definitions:

Familiarity Effect

A psychological phenomenon where people tend to develop a preference for things merely because they are familiar with them.

Actual Experiences

Real-life occurrences and events that an individual personally goes through, as opposed to hypothetical or simulated situations.

Positive Toward

Exhibiting a favorable or optimistic attitude or feeling towards something or someone.

Groupthink

A psychological phenomenon that occurs within a group of people in which the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.