Which of the Following Is the Term Used for Medium

question 127

Multiple Choice

Which of the following is the term used for medium range capacity planning with a time horizon of three to eighteen months?

• A) material requirements planning
• B) short-range planning
• C) strategic planning
• D) aggregate planning
• E) tactical planning

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Definitions:

Demand Function

A mathematical formula that describes the relationship between the quantity of a good demanded and its price, along with other factors such as income and price of related goods.

Market Share

The percentage of total sales in a market captured by one company or product.

Perceived Market

This term suggests a market as understood or interpreted by individuals or businesses, which may not accurately reflect the actual market structure or dynamics. NO.

Demand Function

A mathematical formula that describes the relationship between the quantity of a good demanded and its various determinants like price, income, and prices of related goods.