How Does Aggregate Planning for Services Differ from Aggregate Production

question 12

Multiple Choice

How does aggregate planning for services differ from aggregate production planning for products?

• A)There is no difference.
• B)Demand for products typically is stated as the number of hours of labor required,whereas demand for services is generally stated as the number of units of service desired.
• C)Most service plans are based primarily on labor requirements.
• D)Service plans make extensive use of inventory to meet demand.

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Definitions:

Utility Function

A mathematical representation in economics that describes how consumers allocate their income across different goods and services to maximize their utility or satisfaction.

Bureau of Fisheries

A government agency or department that manages and regulates fisheries, fish habitats, and sometimes aquatic environments to ensure sustainable use and conservation.

Fishing License

A legal authorization or permit required to engage in fishing within certain jurisdictions, usually to regulate fishing activities and conserve aquatic resources.

Income

The monetary payment received for goods or services, or from other sources, like investments, over a certain period of time.