During Historical Periods When Demand Exceeded Supply, Businesses Adopted the ________

question 43

Multiple Choice

During historical periods when demand exceeded supply, businesses adopted the ________ concept.

• A) marketing
• B) technology
• C) societal
• D) production
• E) product

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Definitions:

Production Process

A series of steps that includes the acquisition of raw materials, their conversion into finished goods, and the final delivery of the product.

Backward Scheduling

A planning method that starts with the end goal or deadline and works backwards to determine the timing of preceding activities.

Constructing Airplane

The engineering and assembling processes involved in building aircraft.

Certain Date

A specific, identified day in the calendar on which an event is scheduled to take place or a deadline is set.