Which One of the Following Statements Is Best

question 104

Multiple Choice

Which one of the following statements is best?

• A) Demand alternatives adjust demand patterns, whereas capacity alternatives change in response to changes in demand.
• B) Overtime and undertime are two ways to change the workforce level (rather than its utilization).
• C) Due to the almost limitless number of possible aggregate plans, it is virtually impossible to select a desirable plan without using an optimization procedure such as linear programming.
• D) Subcontracting during the peak season is called a demand strategy since it requires a competitive orientation toward suppliers.

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Definitions:

Total Product Curve

A graphical representation of the total quantity of output that can be produced by a firm as a function of the quantity of a single input used, keeping other inputs constant.

Marginal Revenue Curve

A graphical representation showing the change in total revenue from selling one additional unit of a product or service.

Average Total Cost Curve

A graphical representation that shows the average total cost of producing different quantities of output, typically U-shaped due to economies and diseconomies of scale.

Production Method

A production method is a process or technique used to create goods or services, often varying based on the type of product, industry standards, and efficiency.